Traditional CDs will not allow you to deposit money during a term; you'll have to wait to make additional deposits once a CD reaches maturity.
Consider whether CD minimum balance requirements will factor into your CD options.
For example, a Popular Direct CD requires at least $10,000, while an Ally or Barclays CD does not require a minimum deposit to open.
Look for a CD that has a lesser required amount in order for you to still gain money from having money in a CD," says Dixon.
Featured 1-Year CD Rate Pacific Western Bank 1 Year CD Annual Percentage Yield (APY) 5.51% Minimum Deposit Amount $1 Start savingFeatured 1-Year CD Rate Pacific Western Bank 1 Year CD Annual Percentage Yield (APY) 5.51% Minimum Deposit Amount $1 View Full Details Start saving On Raisin's websitePacific Western Bank 1 Year CD Start saving On Raisin's website Featured 1-Year CD Rate Details Annual Percentage Yield (APY) 5.51% Minimum Deposit Amount $1 Pros & Cons Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Persons:
isn't, it's, Elizabeth, Patrina Dixon, Dixon, you'll
Organizations:
Barclays, Dixon Consulting, Bank, Western Bank, Mint, FDIC, Chevron, Federal Credit Union, Connexus Federal Credit Union, Consumers Federal Credit Union
Locations:
CFEI, Connexus