<ul><li>The best CD rates today can go up to 5.06% based on certificate terms.</li><li>Certificates of Deposit (CDs) offer fixed interest rates and maturity periods, typically providing better yields than high-yield savings accounts.</li><li>CDs come with early withdrawal penalties, with longer terms having harsher penalties if accessed before maturity.</li><li>Current rates for three-month CDs range from 1.3% to a high of 4.72%.</li><li>For six-month CDs, the best rate is at 4.94%, with an average APR of 1.82%.</li><li>The highest interest rate on a 12-month CD is 5.02%, with an average APR of 1.87%.</li><li>24-month CDs offer rates as high as 4.52%, and three-year CDs have rates up to 4.65%.</li><li>Five-year CDs offer the best rate at 4.43%, with the average APY at 1.59%.</li><li>Jumbo CDs can have rates up to 4.94% for a 6-month term, with a minimum deposit requirement often around $100,000.</li><li>CDs are considered safer investments compared to stocks and other riskier options, with federal insurance up to $250,000 for CDs in case of bank failures.</li></ul>

CD Rates Today: February 28, 2025 – Forbes Advisor

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