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Best CD rates today, April 21, 2025

The article from Fortune, published on April 21, discusses the current state of CD (Certificate of Deposit) rates, noting that they have been on the rise due to the Federal Reserve's interest rate hikes aimed at combating inflation. It highlights that the average annual percentage yield (APY) for a 1-year CD has reached 1.54%, while longer-term CDs like the 5-year option are offering an average APY of 1.21%. The article also points out that some online banks and credit unions are offering even higher rates, with some 1-year CDs reaching up to 5% APY. It advises readers to shop around for the best rates and consider their financial goals and liquidity needs before locking into a CD, given the potential for further rate changes.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-4-21-25/ ]