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A variable-rate CD — also called a flex CD — is a type of certificate of deposit with an interest rate that can fluctuate periodically over the term of the CD based on market conditions.
Here's how FDIC national deposit rates on a $10,000 minimum deposit compare to other deposit accounts between December 2024 and January 2025. Savings and deposit account National deposit rate on ...
Today's rates on certificates of deposits are falling from the year's historic highs, but you can still punch up your savings with fixed rates paying out 10 times the 0.41% national average of ...
A certificate of deposit (CD) is a low-risk deposit account that earns a fixed rate of return. In exchange for this guaranteed yield, you agree to lock up your money until the CD’s term expires.
Other certificates may more closely match the typical rules of a certificate of deposit, allowing the investor to select a term length (typically between 3 months to 3 years) and earn a guaranteed interest rate. These certificates are flexible and allow add-on payments during the term or withdrawals up to a specified amount without a charge.
A jumbo CD is a certificate of deposit that requires a minimum of $100,000 to open the account. Like regular CDs, jumbo CDs come with a fixed interest rate and term.
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