fintech / news / / Fortune
The convenience of keeping all your money under one roof can be reason enough to open a CD with a big bank.
Big banks often offer a wider selection of CD terms and types than smaller banks.
KEY POINTS
- Some big banks provide relationship rate bumps for existing customers, potentially improving your CD APY.
- CDs at large banks are not inherently safer than those at smaller banks if both are FDIC insured.
- Big-name banks frequently change their CD rates, sometimes as often as every few weeks.
- Big banks occasionally offer APYs that rival the best rates from online banks.
COMPANIES
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