skip to main content

Certificate Of Deposit Rate Comparison

If you are comparing certificates of deposit (CD) rates, make sure you do your homework. There are several factors that will impact your certificate of deposit rate, such as the term of the CD and the amount of your contribution. Keep reading to learn the basics on certificate of deposit rates.

Better CD Rates Found Online

The best certificate of deposit rates are typically offered by online banks when compared to traditional brick-and-mortar banks. Online banks generally provide better yields — and there are many other advantages to online banking as well.

Consider 24/7 access to your accounts and ease of use when determining where to open your CD.  

Other Factors For Comparing CD Rates

Certificate of deposit

It is important to understand how certificate of deposit rates work when you compare your CD options. Here are a few factors to consider when comparing CD rates:

Although comparing interest rates is an important component to selecting your CD, be sure to consider these other factors to determine which CD is right for you.

Opening A CD With Synchrony Bank

The team at Synchrony Bank can help you make a certificate of deposit rate comparison. Synchrony Bank has award-winning deposit products and offers 24/7 online support via desktop, tablet or mobile so you can manage your money on your terms.

Our certificates of deposit allow you to pick your CD term from 3 months to 60 months, with minimum CD deposit requirements.

Find our CDs online or call 1-844-345-5789 to learn about certificate of deposit rates+ today.

———-

Sources:

Bankrate: http://www.bankrate.com/banking/checking/the-benefits-of-online-banking/

Investopedia:  http://www.investopedia.com/ask/answers/07/cd_rate.asp

+National Average APYs are based on specific product types of top 50 U.S. banks (ranked by total deposits) provided by Informa Research Services, Inc. CD Rates: Average APYs are based on certificate of deposit accounts of $25,000. High Yield Savings Rates: Average APYs are based on High Yield Savings Accounts of $10,000. Money Market Account Rates: Average APYs are based on Money Market Accounts of $10,000. Although the information provided by Informa Research Services, Inc. has been obtained from the various institutions, accuracy cannot be guaranteed.  


Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×