There are lots of great short-term CD options to consider this month thanks to today's high-rate environment.
The best CD rate right now is 5.50% APY available from Nuvision Credit Union for an 8-month term on deposits up to $5,000. All CDs and rates in our rankings were collected, verified, and available to open as of Jan. 21, 2025. ...
Term 3 months - 5 years Why Quontic Bank? Quontic Bank offers six terms of CDs, ranging from three months to five years, that require $500 to open. The rates for all six terms are very competitive. Pros and cons Rate history for Quontic Bank's CD accounts Current Quontic Bank ...
If you open a shorter-term CD, you can always cash it in when it matures and open a new CD. But you may find that rates have dropped. If rates are now higher, it's great news. But if rates are lower than when you opened your initial CD, you may wish you'd locked in your ra...
Current Synchrony Bank CD Rates Read review Capital One Rating: 4.5 stars out of 5 4.5 Bankrate CD score Annual percentage yield 3.50% – 4.10% Min. deposit to open $0 Term 6 months - 5 years Why Capital One? Capital One offers CDs with terms as short as six months or as lo...
If you need to withdraw your money before the CD matures, you may pay a penalty that’s equal to a few months’ worth of interest, typically between 60 and 90 days. Short-term vs. long-term CDs Nine-month CDs are usually categorized asshort-term CDs, which generally have terms of 12...
If rates go up, you might renew your CD at a higher rate. If rates go down, you might look for other investments, such as stocks. Short-term CDs can also have advantages over high-yield savings accounts by paying slightly higher interest rates. Plus, some people like the idea of ...
Those looking for a broader array of CD options, or even a short-term term, should consider another option. Bread Savings CD rates 3 months: 3.80% 6 months: 4.50% 9 months: 3.80% 1 year: 4.10% 1.5 year: 3.80% 2 years: 4.00% 3 years: 3.90% 4 years: 3.90% 5 years: 3.85% ...
Online banks might offer better rates. Although brick-and-mortar banks offer their own CDs, you might find better rates through online banks. Compare legacy banks and online institutions to find the best CD rates. If your goal issecuring a superior short-term investment, the best CD rates are...
No minimum balance Good short-term CD options Offers comprehensive range of additional financial products Cons Lower rates than some competitors Low Trustpilot ratings Complex account options may be confusing for beginnersWho should use it Those looking to build a CD ladder will appreciate Ally Bank’...