bg-arrow-down icon-arrow-up icon-back-to-top icon-linkedin icon-menu icon-search icon-twitter logo-white slider-arrow-left-gray slider-arrow-left slider-arrow-right-gray slider-arrow-right

Best 4-year CD rates: Keep up with inflation

A 4-year CD might be the answer to a question a lot of savers are asking these days: How do I get more yield without taking on more risk?

While nowhere near what they once were, yields on longer-term CDs far outstrip those on a savings account, as long as you’re willing to let your money sit for a while — or pay an early withdrawal penalty.
[…] Also, banks are increasingly offering nontraditional CDs with yields that can rise under certain circumstances, says Richard Solomon, managing director at Novantas, a banking analytics and consulting firm.

“Banks are looking at adding different forms … of nontraditional CDs, such as bump-rate or step-rate CDs,” Solomon says.

If you’re worried about falling behind if rates — and inflation — creep up after you lock in your money, these types of rising-rate CDs may be worth considering.

Read the full article at Bankrate.com…

 

For more information, contact Novantas Marketing

+1 (212) 901-2772


Please enter your email for verification: