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CD Rates Today: March 26, 2025 – Forbes Advisor
- CD rates today can go as high as 5.06%, but they vary by term and are expected to decrease with the Federal Reserve lowering interest rates.
- CDs offer fixed interest rates and better yields than high-yield savings accounts, but early withdrawal penalties can be harsh, often resulting in a loss of one year's worth of interest or more.
- Short-term CDs like three-month and six-month options have rates of up to 4.72% and 4.94%, respectively, offering good yields for short savings goals.
- 12-month CDs, a popular choice, have an interest rate of up to 5.02%, while two-year CDs offer rates as high as 4.52%.
- Longer-term CDs, such as three-year and five-year options, can provide rates of up to 4.65% and 4.26%, respectively, but come with higher early withdrawal penalties.
- Jumbo CDs with a significant deposit requirement offer rates up to 5.06% for a 6-month term, and it's essential to understand the minimum deposit needed for opening such accounts.
- When searching for the best CD rates, it's advisable to explore options from various institutions like traditional banks, credit unions, and digital firms to find the highest yields.
- CD accounts require a lump-sum deposit, and once opened, the principal earns a fixed interest rate for the specified term, with penalties for early withdrawal.
- CDs are considered safer investment options compared to riskier assets like stocks or cryptocurrencies, and they offer FDIC or NCUA insurance up to $250,000 in case the issuing institution fails.
- Curinos provides average CD rates by focusing on specific types of CDs and excluding others like promotional offers, relationship-based rates, and various specialized CD types.
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