fintech / news / / Fortune
Banks like Chase and Citi are names people know and feel comfortable with.
Large banks sometimes offer CD rates that rival those of online-only banks.
KEY POINTS
- Relationship rate bumps may be available for existing customers opening CDs at big banks.
- CDs at large and small banks are equally safe if the institution is FDIC or NCUA insured.
- Big banks frequently change their CD rates, sometimes as often as every few weeks.
- FDIC insurance covers up to $250,000 per account holder per ownership category at each bank.
COMPANIES
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