Dig deeper: When is it worth it to break a CD? An expert's thoughts on early withdrawals and breaking even Benefits of a certificate of deposit Guaranteed returns. With a CD, you make one deposit and earn a guaranteed interest rate over your term ...
In return, you earn interest on your deposit at a fixed rate for the duration of the term. You can open a CD at many banks and credit unions, and different institutions offer different rates and terms. The first step is determining which term to open. Once you've narrowed your choices...
CD APY 36 month 3.60% Minimum deposit requirement $2,500 Why it’s the best Sallie Mae has among the highest interest rates and customer satisfaction scores we found. Its current top rate is a robust 4.10% APY on a one-year CD term, which is part of 11 CD term options that ar...
Its current top rate is a robust 4.10% APY on a one-year CD term, which is part of 11 CD term options that are five years and shorter. With no account fees, savers can plunge a pile of cash into this CD term to help them meet their goals. The $2,500 minimum deposit isn’t ...
Recent news on CD rates As of June 2024, CD rates remain close to their highest level in several years. The Federal Reserve increased the benchmark federal funds rate 11 times from March 2022 through July 2023 to slow inflation. While CD rates aren't directly li...
a runner-up CD may be a better choice for you.Newtek Bankis offering 5.25% on a 6-month guarantee, which would lock in your rate until May. Or, you might preferApple Federal Credit Union's12-month CD, paying 5.00%. Opening Apple's CD today would guarantee a 5% return until N...
The CDs above are a great place to start, but the best way to find the highest-paying CD for your needs is to explore all of your options, comparing not only the rate but also other factors like early withdrawal penalties and other fees. With lots of excellent options for any deposit ...
you could earn at least a few hundred dollars, depending on the interest rate. For example, with an APY of 4.50%, you'd get $450 in interest after one year. CD rates can change, so locking in a high interest rate today could guarantee you the maximum earnings, especially if CD rates...
Best 1-month CD rates The highest 1-month CD rate today is 3.67% from Merchants Bank of Indiana. Best 3-month CD rates The highest 3-month CD rate today is 4.65% from Bask Bank. Best 6-month CD rates The highest 6-month CD rate today is 4.95% from Rising Bank. Best 9-month CD...
Best 3-month CD rates The highest 3-month CD rate today is 4.65% from Bask Bank. Best 6-month CD rates The highest 6-month CD rate today is 4.95% from Rising Bank. Best 9-month CD rates The highest 9-month CD rate today is 4.61% from Popular Direct. Best 1-year CD rates The ...