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CD Rates Today: June 4, 2025 – Earn As Much As 5.02%
- CD rates are currently as high as 5.02%, depending on the term, with the highest rate available on a 12-month CD.
- Typically, longer-term CDs offer higher yields, but this trend has not been consistent in recent times.
- Short-term 3-month CDs and 6-month CDs have rates averaging at 1.3% and 1.77% respectively, with the highest rates at 4.67% and 4.94%.
- For a 24-month CD, rates go up to 4.52%, while 5-year CDs offer rates of up to 4.26%.
- Jumbo CDs with higher deposit requirements can also yield competitive rates, such as 4.94% for a 6-month term.
- It is advisable to compare rates from various institutions, including credit unions and digital banks, to find the best deals.
- Opening a CD requires a lump-sum deposit, with minimum requirements varying between institutions.
- CDs provide a safe investment option as they are federally insured by FDIC or NCUA, protecting investments up to $250,000 in case of bank failure.
- Early withdrawal from a CD may result in penalties, and CDs generally offer higher interest rates compared to savings accounts or money market accounts.
- Investors looking for stable growth with minimal risk can consider CDs as a secure option for their funds.
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