We offer a variety of CD options to meet your needs: High Yield CD– terms range from 3 to 60 months. Raise Your Rate CD– 2- and 4-year terms available. Start with a great rate, plus have the opportunity to increase your rate once over the 2-year term or twice over the 4-year...
Similar to choosing a high-yield savings account, picking the right CD will largely depend on the APY it offers. But you should also carefully consider the term length of your CD. As a reminder, the longer the term, the more interest you'll earn but if you need access to the money be...
If you're trying to decide between a high-yield savings account and a CD, think about your savings goal. CDs usually offer higher interest rates than high-yield savings accounts but require you to lock your money away for a set term, which can range from one month to 60 months. This m...
Term 1 year Learn More Member FDIC Discover® CD APY 4.10% Term 1 year EXPLORE MORE ACCOUNTS Certificates of deposit What is a CD? A CD is a type of savings account that can pay a higher interest rate than a high-yield savings account in exchange for removing access to your funds ...
However, Comenity Direct offers high-yield savings accounts and CDs, unlike other online banks. For context, the minimum balance for a CD is $1,500, and Comenity Direct’s APYs range from 0,65% (1-year CD) to 1.10% (5-year CD). However, please note that early withdrawal penalties ap...
When choosing between a T-bill, CD, or high-yield savings account, here are factors to consider: Security All three of these types of accounts are secure. However, due to insurance limits, it will take a little more work to get the same level of security from a CD or a high-yi...
a high-yield savings account. Because CDs lack liquidity, they are better suited for goals on specific timelines that match CD maturity dates. Let's say you'd like to put a down payment on a house 3 years from now or buy a new car next year. You can purchase a 1-, 2-, or 3-...
A“CD ladder” is when you open several CDs with different maturity dates. It’s a smart way to build on earnings as your high-yield CDs mature. Learn how. We make it easy to get started 1 Enter some basic information to get started. 2 Make a deposit now or come back later—...
Along with its high-yield savings account, Bask also offers four different CD terms and a Bask Mileage Savings Account where you can earn 2 American Airlines AAdvantage miles for every $1 saved annually. Minimum balance: None Fees: Zero monthly fee Maximum transactions: Up to six free ...
High-Yield Savings Account vs. Certificate of Deposit (CD) If some of your savings can be socked away and not touched for a period of time, you may be able to earn a higher rate with acertificate of deposit. CDs require you to commit your funds to remain on deposit for a number of...