<ul><li>CD rates today are as high as 5.02%, significantly higher than rates from previous years.</li><li>Certificates of Deposit (CDs) offer fixed interest rates and require a maturity period.</li><li>The longer the CD term, the harsher the early withdrawal penalty, often costing a significant amount of interest.</li><li>Rates for different CD terms vary, with the highest rates for three-month, six-month, and one-year CDs.</li><li>For example, the highest rate on one-year CDs is currently at 5.02%.</li><li>Jumbo CDs, requiring larger deposits, also offer competitive rates, with some starting at 4.94% for a 6-month term.</li><li>Digital banks tend to offer higher CD rates due to lower costs and the need to attract customers.</li><li>CDs provide a safe investment option with insurance coverage up to $250,000 from FDIC or NCUA.</li><li>CDs outperform high-yield savings accounts and are considered a secure place for your money.</li><li>It's essential to consider early withdrawal penalties before investing in a CD to avoid loss of principal.</li></ul>

CD Rates Today: May 22, 2025 – Earn As Much As 5.02%

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