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CD Rates Today: February 26, 2025 – Rates Rise
- CD rates are currently offering up to 5.06% on certificates of deposit, with different rates for various terms.
- CDs pay a fixed interest rate for a set period, offering better yields than high-yield savings accounts, but require penalties for early withdrawal.
- Current rates on three-month CDs average at 1.3%, with the highest rate reaching 4.72%, remaining unchanged from last week.
- Six-month CDs offer the best rate at 4.94%, with an average APR of 1.82%, similar to the previous week.
- Twelve-month CDs have the highest rate at 5.02% and an average APY of 1.87%, steady from last week.
- For two-year CDs, rates go up to 4.52%, with an average APY of 1.68%, remaining the same as last week.
- Highest current rates are 4.65% for three-year CDs and 4.43% for five-year CDs, both with average APYs around 1.59%.
- Jumbo CDs offer a rate of 4.94% for a 6-month term, with varying deposit requirements but typically starting at $100,000.
- Comparing rates between different banks is essential, as they vary, with online banks generally offering higher rates than traditional brick-and-mortar banks.
- CDs provide a safe investment option with FDIC or NCUA insurance coverage up to $250,000 in case of bank failures.
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