Summary: Lock in high CD rates today, with Gainbridge® offering 5.5% APY on 5-year CD. Analysis: Neutral.

From Yahoo Finance: 2025-06-29 06:00:00

Lock in a high CD rate today to watch your savings grow. Rates vary widely, so finding the best offer is crucial. Longer-term CDs historically had higher rates, but current economic climate favors shorter terms. Gainbridge® offers 5.5% APY on a 5-year CD with a $1000 minimum deposit as of June 29, 2025.

APY determines CD interest earnings, with interest compounding daily or monthly. A $1000 investment in a one-year CD at 1.81% APY with monthly compounding would yield $1018.25 after a year. Opting for a 4% APY CD for the same period would result in a balance of $1040.74, including $40.74 in interest.

The more you deposit in a CD, the more you earn in interest. A $10,000 one-year CD at 4% APY would grow to $10,407.42 upon maturity, netting you $407.42 in interest. Consider different types of CDs beyond traditional ones, like Bump-up, No-penalty, Jumbo, and Brokered CDs, for added flexibility and benefits.



Read more at Yahoo Finance: Best CD rates today, June 29, 2025 (lock in up to 5.5% APY)