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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.
Dig deeper: How CDs work — including 7 types for boosting your savings. ... Unlike a traditional savings account that allows for flexible movement of your money without penalty, a CD requires ...
A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates. CDs require a minimum deposit and may offer higher ...
Best CD rates today: Earn passive income at premium APYs of up to 4.70% on flexible CD terms — Oct. 22, 2024. ... Dig deeper: How CDs work — including 7 types for boosting your savings.
Dig deeper: How CDs work — including 7 types for boosting your savings. ... Unlike a traditional savings account that allows for flexible movement of your money without penalty, a CD requires ...
Typically, as the Fed rate rises, so do APYs on savings products like CDs, high-yield savings accounts and money market accounts — surging up to 4.5% and higher today to accelerate your savings.
How CDs work. A CD locks in your money for a set period of time in exchange for a guaranteed APY. Understanding all the features of a CD can help you decide whether one is right for you:
How CDs work. CDs offer a guaranteed return when you keep your money in the account for a set term. Let’s say you find a bank that offers a one-year CD with a 4 percent APY. As long as you keep ...