answersLogoWhite

0

A CD is simply an account you place money into, drawing interest until you decide to cash out. City Bank and Ally currently have the best rates available on the market.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Do banks provide the highest CD interest rates now?

Banks are generally the only ones that provide CDs. If you mean WHICH bank provides high interest rates, check out Ally bank. Its CDs have an APY of 1.7%, one of the highest in the industry.


What are the current interest rates for 3 year CDs?

The current interest rates for 3-year CDs vary, but they typically range from around 0.5 to 2.


What are the current interest rates for 6 month CDs?

The current interest rates for 6-month CDs vary, but they are generally around 0.1 to 0.5 APY.


What are the current interest rates for 9 month CDs?

The current interest rates for 9-month CDs vary but are generally around 0.5 to 1.0 APY.


How do highest cd interest rates affect me?

If you have funds invested in CDs, a higher rate will result in a greater return. Higher rates are usually given for longer terms of investment.


Which national bank has the highest cd interest rates?

Bank of America and National Bank Of Delaware are currently the highest rated CDs. Longer investments have a higher rate of return.


Where can one find interest rates on CDs?

If you are looking for interest rates on CDs, you can try Fidelity's website for up to date information. You can also contact Bankrate's website as well.


What are the absolute highest cd interest rates?

The absolute highest cd interest rates is about 10%


What are the current interest rates for one month CDs?

The current interest rates for one month CDs vary, but they are generally lower than longer-term CDs. It's best to check with specific banks or financial institutions for the most up-to-date rates.


What are the current interest rates for high yield 3 month CDs?

The current interest rates for high yield 3 month CDs vary but are generally around 0.5 to 1.0.


What's the highest interest rates that the online financial institutions paying for 2 year CDs?

The higest rates can be between 1.5%-3% APR. The APR is different for each financial institution.


What are some strategies for investing in CDs with high interest rates?

To invest in CDs with high interest rates, consider shopping around for the best rates, opting for longer terms for higher rates, and diversifying your investments across different banks or credit unions. Additionally, consider laddering your CDs to take advantage of different interest rate environments.