Best Certificate of Deposit Rates: A Guide to the Different Types of CD Accounts and APY

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Best Certificate of Deposit Rates: A Guide to the Different Types of CD Accounts and APY

Are you looking to start a savings account with a good yield? Perhaps the best place to get started is with an online bank. They are better able to offer the best certificate of deposit rates since they operate primarily online and don’t have physical branches to finance. CDs are often considered to be the «next level» up after a savings account. However, you will be required to keep your funds locked up for a set period of time. Depending on the bank, there might or might not be a penalty for an early-withdrawal.

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