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Invest in CDs now to get up to 4.50% APY. Here are the best CD rates for March 13, 2025

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  We've rounded up today's highest available CD rates, many of which are above 4% APY.

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The article from Fortune, published on March 13, 2023, discusses the current state of Certificate of Deposit (CD) rates, highlighting that the average rate for a 1-year CD has risen to 1.49%, while the highest nationally available rate stands at 5.10% from Rising Bank. It notes that with the Federal Reserve's recent interest rate hikes, savers have an opportunity to lock in higher yields, especially with longer-term CDs offering rates up to 4.50% for a 5-year term. The article advises readers to compare rates from various banks and credit unions, consider the term length that suits their financial goals, and be aware of potential penalties for early withdrawal. It also mentions that while CDs are low-risk, the returns might not keep pace with inflation, suggesting a diversified approach to saving and investing.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-3-13-25/ ]