Sun, April 20, 2025
Sat, April 19, 2025
Fri, April 18, 2025
[ Fri, Apr 18th 2025 ]: Fortune
CD rates today, April 18, 2025
Thu, April 17, 2025
Wed, April 16, 2025

CD rates today, April 18, 2025

We've rounded up today's highest available CD rates, many of which are above 4%
The article from Fortune, published on April 18, 2023, discusses the current state of Certificate of Deposit (CD) rates, highlighting that the average rate for a 1-year CD has reached 1.67%, the highest since May 2009, while the average 5-year CD rate stands at 1.25%. It notes that the Federal Reserve's interest rate hikes have contributed to these increases, with the Fed having raised rates nine times since March 2022, pushing the federal funds rate to a range of 4.75% to 5%. The article also mentions that some online banks and credit unions are offering significantly higher rates, with examples like CFG Bank offering a 5.28% APY for a 1-year CD and Credit Human providing a 5.5% APY for a 2-year term. It advises consumers to shop around for the best rates and consider the trade-offs between higher rates and the need for liquidity, as CDs require funds to be locked in for a set period.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-4-18-25/ ]