Are you tired of receiving low-interest rates on your savings account? Have you ever considered investing your money in a certificate of deposit (CD)? A CD is a type of savings account where you deposit a fixed amount of money for a specific period of time and earn interest. If you are looking for a way to boost your earnings, then you may want to consider investing in a CD. In this blog post, we will be sharing with you the best CD rates available today so you can make the most of your money.
Keep in mind that these rates change over time as banks adjust their rates. This post is just informational and we hope you find the best CD rate for your money to grow. The best thing to do is more research on this topic to also compare other banks CD rates as well.
Discover Bank: Discover Bank is a great option for those who want to invest in a CD. They offer a 12-month CD with an APY (annual percentage yield) of 0.50%, a 24-month CD with an APY of 0.55%, and a 36-month CD with an APY of 0.60%. Additionally, they have a high minimum deposit requirement of $2,500, making it an ideal option for those who have a substantial amount of money to invest.
CIT Bank: CIT Bank is another great option for anyone looking to invest in a CD. They offer a 13-month CD with an APY of 4.65%, a 24-month CD with an APY of 0.40%, and a 36-month CD with an APY of 0.40%. CIT Bank has a lower minimum deposit requirement of $1,000, making it an ideal option for those who have a smaller amount of money to invest.
Ally Bank: Ally Bank is yet another option to consider when looking to invest in a CD. They offer a 12-month CD with an APY of 0.60%, a 24-month CD with an APY of 0.65%, and a 36-month CD with an APY of 0.70%. Their minimum deposit requirement is $0, making it an ideal option for those who only have a tiny amount of money to invest.
Capital One: Capital One offers a 12-month CD with an APY of 0.50%, a 24-month CD with an APY of 0.60%, and a 60-month CD with an APY of 0.70%. For those interested in investing for the long term, Capital One’s 60-month CD may be a great option.
Marcus by Goldman Sachs: Marcus by Goldman Sachs is an online bank that offers a 12-month CD with an APY of 0.55%, a 24-month CD with an APY of 0.60%, and a 36-month CD with an APY of 0.65%. Marcus by Goldman Sachs also has no minimum deposit requirement, making it an ideal option for those who only have a small amount of money to invest.
In conclusion, investing in a CD can be a great way to make the most of your money. With the low-interest rates on many savings accounts, a CD offers a way to earn a higher interest rate on your savings. The best CD rates available today have been discussed in this blog post, and we hope that this information will help you make an informed decision on where to invest your money. As always, make sure to do your research and choose the option that works best for you and your financial goals.
Choosing to grow your money using the best cd possible is smart, wise and defiantly a part of having Smart Financial Goals.