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CD Rates Today: May 30, 2025 – Earn As Much As 5.02%
- CD rates are currently offering up to 5.02% depending on the term, providing better yields than high-yield savings accounts.
- Short-term savings goals can benefit from three-month CDs with a current average rate of 1.3% and a highest rate of 4.67%.
- A six-month CD offers high yields with the highest rate at 4.94%, and a 12-month CD's highest interest rate available is 5.02%.
- Interest rates on 2-year CDs reach up to 4.52%, and the highest rate on a three-year CD is 4.27%.
- For longer-term investments, a five-year CD offers a highest rate of 4.26%.
- Understanding early withdrawal penalties is crucial, with some penalties resulting in the loss of one full year's interest.
- Jumbo CDs offer rates up to 4.94% for a 6-month term, with varying minimum deposit requirements.
- When selecting a CD, consider a wide variety of options, including those from credit unions and digital firms.
- CDs are known for paying higher interest rates compared to other savings vehicles and are considered a safe investment avenue.
- Federally insured financial institutions offer protection for CDs, with the FDIC and NCUA providing coverage up to $250,000.
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