Finding the Best CD Rates
A certificate of deposit account offers consumers a fantastic way to grow money in a secure environment. Though they are deemed investments because they offer high dividends, CDs are indeed bank accounts.
One CD feature that differentiates it from other bank accounts is its terms. Most financial institutions offer CDs with terms ranging from 30 days to five years.
If you are interested in opening a CD, you might be wondering which term is right for you. If you want to earn high interest without being connected to a long-term commitment, you might benefit from opening a 2-year CD account. If you withdraw your principal funds prior to the CD's maturity (the end of your term), however, you could be financially penalized.
Locate fantastic deals on 2-year CD accounts by exploring the rate tables here on GOBankingRates.