A naukri.com initiative
Forbes
3d
131
Image Credit: Forbes
CD Rates Today: June 9, 2025 – Earn As Much As 5.02%
- Today, the best CD rates can reach as high as 5.02%, offering better yields than high-yield savings accounts but with restrictions on cash access until maturity.
- Three-month CDs have an average rate of 1.29%, with the highest rate at 4.67%. For six-month CDs, the best rate is 4.94% with an average APR of 1.77%.
- The highest interest rate on a 12-month CD is 5.02%, while the average APY for a one-year CD is currently 1.83%.
- Two-year CDs offer rates as high as 4.52% and a 24-month CD's average APY is 1.65%.
- For longer terms, the highest rate on a three-year CD is 4.27%, and the five-year CD offers up to 4.26% with an average APY of 1.59%.
- Jumbo CDs, requiring larger deposits, can reach rates of 4.94% for 6-month terms, with an average APY of 1.81%.
- CDs offer higher interest than savings accounts and are considered a safe investment option, especially with federal insurance coverage up to $250,000.
- Early withdrawal penalties can impact earnings, so it's crucial to understand the terms before investing in a CD.
- Banks like Chase, Capital One, and Synchrony Bank provide competitive CD rates, with digital banks often offering better rates due to lower overhead costs.
- When opening a CD, make sure to check minimum deposit requirements and compare options to find the best fit for your financial needs.
- CDs present a secure way to grow your savings without the volatility of riskier investments like stocks, real estate, or commodities.
Read Full Article
7 Likes
For uninterrupted reading, download the app