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CD Rates Today: May 12, 2025 – Take Home Up To 5.02%
- CD rates as of May 12, 2025, reach up to 5.02% for different terms.
- CDs offer fixed interest rates and require a maturity period, providing better yields than high-yield savings accounts.
- Early withdrawal penalties for CDs can be substantial, ranging from the loss of a year's interest or more for breaking them early.
- Rates for three-month CDs are around 1.3% on average, while six-month CDs offer up to 4.94%.
- For 12-month CDs, the highest interest rate is 5.02%, and for two-year CDs, it is 4.52%.
- Longer-term CDs like three-year and five-year ones offer rates of 4.27% and 4.26% respectively.
- Jumbo CDs, with higher minimum deposit requirements, also provide competitive rates, with a 6-month jumbo CD offering 4.94%.
- Shop around for the best CD rates from various institutions, including traditional banks, credit unions, and digital firms.
- CD accounts require a lump-sum deposit and typically have minimum deposit requirements, with early withdrawal resulting in penalties.
- CDs can offer better interest rates than high-yield savings accounts, but it's essential to understand the trade-offs and penalties involved.
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