However, variable-rate CDs and no-penalty CDs offer flexibility that may be worth considering.
So far this year, CD rates have been increasing and I've managed to secure CDs with rates that range from 4.75% to 5.5% APY.
"CD interest rates are for a 12-month period."
Variable-rate CDBecause I've been mostly risk-averse with my CDs, one type that I've never tried are variable-rate CDs.
For example, if you get a one-year CD paying 5% with the option to bump up, Manske said you can pay attention to CD rates and elect to update it if the rates rise.
Persons:
—, I've, Christopher Manske, Manske, that's, doesn't
Organizations:
Service