expired Posted by punjabisoldier • Jun 22, 2023
Jun 22, 2023 1:11 AM
Item 1 of 1
expired Posted by punjabisoldier • Jun 22, 2023
Jun 22, 2023 1:11 AM
5.50% on 1 year Certificates of Deposit | Santander Bank
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Our community has rated this post as helpful. If you agree, why not thank lonesurvivor9
Note that it is difficult to get your money out of such brokered CDs early as you will have to sell it on the secondary market which almost always causes principal loss.
Note that it is difficult to get your money out of such brokered CDs early as you will have to sell it on the secondary market which almost always causes principal loss.
Also, no automatic renewal with brokered CDs and no APY numbers. The interest rate you see is the interest you get. Most banks give you a rate that assumes you are reinvesting you interest in the CD which make the "real " rate about .1% or so less. For example, CFG 12 Month CD Online one year cd is 5.38% interest rate and 5.52% APY
If you can find a brokered CD that pays you interest monthly even better but usually you have to go out more than a year to find that.
Still a good time for interest rates compared to the last 15 years!
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Also, no automatic renewal with brokered CDs and no APY numbers. The interest rate you see is the interest you get. Most banks give you a rate that assumes you are reinvesting you interest in the CD which make the "real " rate about .1% or so less. For example, CFG 12 Month CD Online one year cd is 5.38% interest rate and 5.52% APY
If you can find a brokered CD that pays you interest monthly even better but usually you have to go out more than a year to find that.
Still a good time for interest rates compared to the last 15 years!
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Our community has rated this post as helpful. If you agree, why not thank thegman230
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