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CD Rates Today: May 29, 2025
- CD rates today can range up to 5.02%, varying by certificate term lengths.
- Certificates of Deposit (CDs) offer fixed interest rates for set time periods, typically yielding better returns than high-yield savings accounts but with withdrawal penalties.
- Short-term goals can benefit from three-month CDs with rates up to 4.67%, while six-month CDs offer rates as high as 4.94%.
- A 12-month CD yields the highest rate at 5.02%, and a two-year CD has rates up to 4.52%.
- Longer-term CDs, like three-year and five-year ones, offer rates as high as 4.27% and 4.26%, respectively.
- Jumbo CD rates can reach 4.94% for a 6-month term, with varying deposit amounts required by different institutions.
- Comparison shopping is essential to find the best CD rates, as they differ across banks and institutions.
- CDs are safer investment options compared to stocks or cryptocurrencies, offering FDIC or NCUA protection up to $250,000 per account.
- Avoid early withdrawals on CDs to prevent hefty penalties, and consider online banks for potentially higher rates.
- Different CD types and terms may have specific requirements and rates, so careful consideration is needed before deciding on a CD investment.
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