This will give you an idea whether to go for a variable or a fixed rate. Now, it would be advisable to get a fixed rather than a variable rate on a short term certificate of deposit because of the risk that it may have low rates throughout your term and you will not have enough time to get them up. It is much safer to get a fixed rate because The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Add-on CDs may have lower initial deposit requirements than regular CDs from the same bank. For example, First Horizon Bank add-on CDs require a minimum of $500, while regular CDs need at least CDs vs. high-yield savings accounts Consumers can receive 4.00% to 5.00% on their savings with a high-yield savings account, which is more flexible because you can make deposits and withdrawals Specialty CDs: Bump-Up, Add-On, No-Penalty, Jumbo, and IRA. The most common CD type follows the standard procedure of depositing your funds, letting them sit untouched until the end of the term In 2023, the Federal Reserve raised its rate four times, after seven consecutive increases in 2022. National average CD rates for six-month to five-year terms have climbed above 1%, and some of 1 day ago · Synchrony Bank. 4.9. Overview. Synchrony Bank offers many regular CDs ranging from three months to five years. It also added a no-penalty CD and a bump-up CD earlier this year. Synchrony Bank also Customers Bank Savings Account, powered by Raisin: 5.32% APY. TAB Bank Savings: 5.27% APY. UFB Direct Savings: 5.25% APY. Valley Direct Savings: 5.25% APY. Betterment Cash Reserve: 4.75% APY .

featured cd vs fixed cd