Forbes Article Summarizing CD Options for Depositors Today

It is interesting that finance experts today are still unaware of how the best banks are offering enhanced deposit offerings that are simultaneously better for the bank and for depositors.  It is so great that our bank offers value that goes beyond the classics.

This article lists the type of CDs depositors should now about  Forbes Article - You can earn up to 4.50% APY. Check out the best CD rates today, February 11, 2025

The Redeemable CD aka CDtwo does not have the disadvantages of the types that are listed:

• Brokered - Losing some of the value to brokers since the banks have to pay the brokers.
• Callable - Giving the financial institution the ability to call the account when interest rates fall. Every called CD ends badly for the depositor.
• Bump-up and No-penalty - Because of the options that the bank is giving up, they typically reduce the yield somewhat to compensate for the options the depositor is getting.
• Variable rate - The depositor gives up the dependability of a fixed interest rate.

I'd love to know what all of you here in the Peer Intelligence network thinks of this!

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Neil Stanley
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