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CD Rates Today: June 6, 2025 – Take Home Up To 5.02%
- Today's best CD rates can go up to 5.02%, varying by term and expected to decrease as the Federal Reserve lowers rates.
- CDs offer fixed interest rates for a set period with higher yields than high-yield savings accounts but come with withdrawal penalties.
- Three-month CD rates average 1.3%, with the highest rate at 4.67%, remaining unchanged from the previous week.
- For 12-month CDs, the highest interest rate available is 5.02%, with an average APY of 1.83%, unchanged from last week.
- Longer-term CDs have higher withdrawal penalties, with early withdrawal potentially resulting in a loss of a year's interest.
- Jumbo CDs have a 4.94% rate for a 6-month term, typically requiring a minimum deposit of $100,000 or more.
- CD rates vary between banks, so comparison shopping is recommended to find the best rates for your savings.
- Traditional banks generally offer lower CD rates than online banks, with differences in rates between financial institutions.
- CDs provide a simple savings tool with a fixed interest rate, requiring a minimum deposit and early withdrawal penalties.
- While stocks may outperform CDs in the long run, CDs offer stability and security with federal insurance coverage up to $250,000.
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