<ul><li>The best interest rates on CDs currently reach up to 5.02%, depending on the term.</li><li>CDs have fixed interest rates for a specific term, with penalties for early withdrawal.</li><li>Short-term CDs (three-month and six-month) offer high yields, with rates as high as 4.67% and 4.94% respectively.</li><li>For a 12-month CD, the highest interest rate available is 5.02%.</li><li>Two-year CDs are being offered with rates as high as 4.52%.</li><li>Jumbo CDs require a minimum deposit of $100,000 and may offer higher rates.</li><li>CD rates vary between banks, so it's crucial to compare rates before opening an account.</li><li>CDs are a simple savings tool with fixed terms and minimum deposit requirements.</li><li>CDs provide higher interest rates than savings accounts and are a safe investment option.</li><li>FDIC and NCUA provide insurance for CDs, offering up to $250,000 coverage in case of bank or credit union failure.</li></ul>

CD Rates Today: May 1, 2025 – Forbes Advisor

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