Reported 5 months ago
Today's CD rates, as of May 26, 2024, are some of the highest seen in over a decade due to Federal Reserve rate hikes. While CD rates vary among financial institutions, it's essential to shop around for the best rate. Currently, the most competitive rates, up to 5.00% APY, are available for shorter terms of around one year. Longer-term CDs, extending two years or more, offer rates closer to 4% to 4.5% APY. Beyond rates, different CD types, such as bump-up CDs, no-penalty CDs, jumbo CDs, and brokered CDs, provide varying benefits and flexibility.
Source: YAHOO