Certificate Of Deposit Rates

Certificate of deposit cd definition.

Certificate of deposit rates. Cds generally pay a fixed rate of interest and can offer a higher interest rate than other types of deposit accounts depending on the market. Unconventional cds a raise your rate cd is a special type of certificate that allows you to bump up your interest rate one or more times during the term assuming rates have in fact risen. Open a savings account or open a certificate of deposit see interest rates and start saving your money. 1 year cd rates competition among financial institutions provides investors a broad menu of choices when it comes to certificates of deposit cds.

A penalty may be imposed for early withdrawal from certificates of deposit cds. Savings accounts and certificate of deposit accounts are fdic insured up to the maximum amount allowed by law. Please call 800 226 5228 or visit a bbt branch to confirm rates for your area. Fees may reduce earnings.

Rates are effective as of today subject to change without notice and may vary by region. Banks and credit unions are battling it out for deposits so they offer savers plenty of different cd maturities at very competitive yields. Traditional certificates of deposit are by far the most popular cd type but some banks offer their own twist on the usual product.