Highest CD Rates Available Today, May 23, 2025 - Secure One of 14 Deals Sticking to a 4.50% Rate Instantly
Top Certificate of Deposit Rates for Late May 2025
In the current financial landscape, certain banks and credit unions are offering competitive Certificate of Deposit (CD) rates. Here's a summary of the top-tier rates available nationwide.
3-Month CD: Western Alliance Bank provides a rate of 4.40% Annual Percentage Yield (APY) through Raisin.
6-Month CD: Vibrant Credit Union and MyBankingDirect.com offer a competitive rate of 4.50% APY.
1-Year CD: EagleBank boasts an attractive rate of 4.55% APY.
For longer terms, providers offer rates ranging from 4.28% to 4.32% APY for 3-year to 5-year certificates.
As the Federal Reserve considers potential economic adjustments, CD rates have shown a slight downward trend in recent months. Nevertheless, they remain higher compared to rates seen early in 2022. To lock in the best rate that aligns with your personal timeline, consider shopping around and comparing various offers.
For your deposits, it's essential to know that they are federally insured at any FDIC-insured bank or NCUA-insured credit union. This protection guarantees that your deposits are safeguarded by the U.S. government in the rare case of an institution's failure. Regardless of the size of the bank or credit union, the federal insurance coverage remains the same—deposits are insured up to $250,000 per individual and per institution.
To find the best CD rates, Investopedia tracks daily rate data from more than 200 banks and credit unions that offer CDs nationwide. These institutions must meet certain criteria, such as offering competitive rates, being federally insured, and providing acceptable minimum and maximum deposit requirements. By considering these providers, you can secure a competitive CD rate that helps boost your savings.
Investing in a competitive Certificate of Deposit (CD) can help enhance your personal-finance portfolio, given the current financial landscape offering attractive rates. For instance, before making an investment decision, it's worth considering tokenizing your CD through Initial Coin Offerings (ICOs), a innovative approach in the finance sector that could potentially offer better returns. Remember to explore various offers, compare rates, and ultimately select a CD provider that aligns with your personal timeline and investment goals, whether it's a short-term 3-Month CD from Western Alliance Bank or a longer-term 5-Year CD, while ensuring that the provider is federally insured to safeguard your deposit.
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