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Best CD rates today, April 22, 2025

We've rounded up today's highest available CD rates, many of which are above 4%.
The article from Fortune, published on April 22, 2025, discusses the current state of Certificate of Deposit (CD) rates, highlighting that the average rate for a 1-year CD has reached 5.25%, the highest in over a decade. This increase is attributed to the Federal Reserve's efforts to combat inflation through higher interest rates. The article advises savers to lock in these high rates now, as they may not last if inflation cools down. It also compares rates from various banks, noting that online banks tend to offer higher yields than traditional brick-and-mortar institutions. Additionally, the piece touches on the trade-off between higher rates and the need to keep money locked in CDs for fixed terms, suggesting that savers consider their liquidity needs before committing to a CD.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-4-22-25/ ]