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Fri, May 16, 2025
[ Today @ 06:26 AM ] - Fortune
CD rates today, May 16, 2025

CD rates today, May 16, 2025


Published on 2025-05-16 06:26:32 - Fortune
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  • We've rounded up today's highest available CD rates, many of which are above 4%

The article from Fortune discusses the current state of CD (Certificate of Deposit) rates as of May 16, 2023, highlighting that the top nationally available rate for a 1-year CD has reached 5.25% APY offered by CFG Bank, while the leading 5-year CD rate stands at 4.50% APY from the same bank. It notes a slight decrease in the highest rate for a 6-month CD to 5.00% APY from 5.10% APY, still provided by BluPeak Credit Union. The article also mentions that while these rates are attractive, they might not keep pace with inflation, and it advises considering other investment options like high-yield savings accounts or I bonds, which currently offer a 4.30% rate until October 2023. Additionally, it provides a table of the top CD rates across various terms and emphasizes the importance of shopping around for the best rates, as they can vary significantly between financial institutions.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-5-16-25/ ]