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A CD is a type of savings account banks and credit unions offer their customers. When you purchase a CD, you agree to keep your money in the account for a specified period of time.
Read on to learn the pros and cons of a CD account. Pros of a CD Account Discovering the financial advantages that certificates of deposit bring to the table can be a pivotal step in optimizing ...
Callable CD: In return for a higher interest rate, allows the bank to redeem the CD before maturity, pay the principal and interest to you and close the account High-yield CD: Offers some of the ...
Benefits of a CD. Your money is safe. Your initial deposit and interest earned are insured for up to $250,000 per depositor, per institution, by the FDIC or NCUA, making them a safe investment ...
Bump-up CD: Bump-up CDs are a good option in a rising rate environment, allowing you to take advantage of a higher rate for the duration of the CD term. Typically, one bump up is allowed per term ...
A no-penalty CD — also called a liquid CD — is like a traditional CD through which you lock in a deposit for a guaranteed rate of return over a stated period of time, but with the flexibility ...
Interest rates are at 40-year highs -- which means fixed income is cool again. One of the safest (and easiest) ways to earn good money from your cash is opening a certificate of deposit (CD). Find...
Comenity Bank. Why it stands out: The Comenity Bank CD Account offers an annual percentage yield of 0.65% for a 12-month CD, the best on our list. Pros: 0.85% 60-month APY. 0.65% 12-month APY ...