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CD Rates Today: May 6, 2025 – Earn As Much As 5.02%
- CD rates today can go as high as 5.02%, varying by term and are likely to decrease as the Federal Reserve lowers rates.
- CDs offer fixed interest rates and maturity periods, with penalties for early withdrawal, sometimes equivalent to losing a year's worth of interest.
- Short-term CDs for three months have highest rates at 4.67%, while six-month CDs offer rates up to 4.94%.
- One-year CD rates peak at 5.02%, with an average APY of 1.83%. Two-year CD rates can reach 4.52%.
- Three and five-year CDs offer rates up to 4.27% and 4.26%, respectively, with varying penalties for early withdrawal.
- Jumbo CDs for 6-month term offer 4.94%, requiring a minimum deposit of $100,000, and online banks tend to offer higher rates.
- CD rates vary among banks, so it's advisable to compare rates before opening an account, considering term length and deposit requirements.
- CDs are considered safer than riskier investments such as stocks, real estate, or cryptocurrencies, backed by FDIC insurance for up to $250,000.
- It is crucial to understand the specific terms and penalties of a CD before investing, as early withdrawals may lead to substantial financial loss.
- CDs provide a secure investment option with competitive interest rates, offering a stable return compared to other investment avenues.
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