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CD Rates Today: June 2, 2025 – Take Home Up To 5.02%
- CD rates today can go up to 5.02% based on certificate term lengths, offering higher yields compared to high-yield savings accounts.
- A CD is a type of savings account with a fixed interest rate for a specific period, but early withdrawals may incur penalties.
- Interest rates on three-month CDs range up to 4.67%, with the average rate at 1.3%.
- For a six-month CD, the highest yield available is 4.94%, with an average APR of 1.77%.
- The top rate for a one-year CD is 5.02%, offering a good deal compared to the average APY of 1.83%.
- Two-year CDs provide rates as high as 4.52%, while three-year CDs reach up to 4.27%.
- For a five-year CD, the highest rate is 4.26%, and understanding the early withdrawal penalty is crucial.
- Jumbo CDs offer rates up to 4.94% for a 6-month term, with digital banks often providing competitive yields.
- CDs typically require a minimum deposit and do not allow additions once the term begins, with strict penalties for early withdrawals.
- CDs are considered relatively safe investments compared to stocks or real estate, with FDIC insurance providing up to $250,000 in coverage.
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