A certificate of deposit, or CD, is a specific type of savings account where you lock up your money for a specific period of time without the ability to withdraw anything until the agreed-upon.
In a financial climate where interest rates and market conditions fluctuate, many individuals consider the safety and potential returns of different savings options. One such option is the short-term.
ConnectOne Bank is offering 5.40% APY for an 11-month certificate. A $500 minimum deposit is required. The Englewood Cliffs-based bank is the sixth largest in the state of New Jersey. ConnectOne Bank.
Climate First Bank is offering 5.34% APY for a 15-month certificate. A $500 minimum deposit is required. The St. Petersburg-based bank is the 50th largest in the state of Florida. Climate First Bank.
University Federal Credit Union is offering 4.50% APY for a 3-month certificate. A $1,000 minimum deposit is required. The Austin-based credit union is the eighth largest in the state of Texas..