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CD Rates Today: June 3, 2025 – Earn As Much As 5.02%
- Today's best CD rates can reach up to 5.02%, with varying rates by term and an expected decline in rates as the Federal Reserve adjusts interest rates.
- CDs offer fixed interest rates for specific durations, providing better yields than high-yield savings accounts but subject to withdrawal penalties if funds are accessed before maturity.
- Short-term CDs like three-month and six-month options offer rates as high as 4.67% and 4.94% respectively, with one-year CDs offering a top rate of 5.02%.
- Two-year CDs come with rates as high as 4.52%, three-year CDs at 4.27%, and five-year CDs at 4.26%, all subject to early withdrawal penalties.
- Jumbo CDs require higher minimum deposits, with rates of up to 4.94% for a 6-month term and varying definitions across financial institutions.
- To find the best CD rates, consider offerings from traditional banks, credit unions, and digital firms to maximize potential yields.
- CDs are straightforward savings tools with predetermined deposit periods, limited flexibility for deposits or withdrawals, and higher interest rates compared to other savings options.
- Despite lower risk compared to stocks or some investments, CDs offer a safe haven for investments with FDIC or NCUA insurance coverage up to $250,000.
- Understanding CD terms, penalties, and comparison shopping can help investors make informed decisions when selecting CDs as part of their savings or investment strategy.
- Interest rates for CDs are determined based on specific criteria, with exclusions for certain CD types like promotional offers, relationship-based rates, and others.
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