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:

Full Name (required)
Title (required)
Institution (required)
Email (required)
Select Product (one required)

PriceTek Deposits
PriceTek Loans
PriceTek Mortgage
PriceTek Offer Engine
StrataScape
BankChoice Monitor
SalesScape
MetricScape

Phone Number (optional)
Description of Need (optional)