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CD Rates Today: June 5, 2025
- Today's best CD interest rates go as high as 5.02%, but rates are subject to change with Federal Reserve actions.
- CDs provide fixed interest rates for set periods, offering better yields than high-yield savings accounts but penalties for early withdrawal.
- Short-term CDs like three-month and six-month options have current average rates of 1.3% and 1.77% respectively.
- Popular 12-month CDs offer a high 5.02% rate, with a stable average APR of 1.83% for one-year CDs.
- Two-year CDs offer rates as high as 4.52%, while the average APY for this term is 1.65%.
- Longer-term CDs like three-year and five-year ones provide rates as high as 4.27% and 4.26% respectively.
- Jumbo CDs require high minimum deposits but offer competitive rates, with 6-month jumbo CDs at 4.94%.
- Digital banks often provide better CD rates due to lower costs compared to traditional banks, offering top-of-market yields.
- CDs typically have minimum deposit requirements, and early withdrawals can result in penalties affecting earned interest.
- CDs are considered safe investment options with protection from FDIC or NCUA insurance, offering up to $250,000 coverage in case of bank failure.
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