Synchrony’s no-penalty CD is a good fit if you want access to your money during your CD term. And though experts don’t expect rates to change much soon, now could be a solid time to consider a bump-up CD before rates begin dropping. CD rates have been on a steady incline for the last few weeks, based on the banks we track at CNET. However, once rates begin holding steady or dropping, a bump-up CD isn’t the best option. In a rising rate environment, bump-up CDs are attractive, though they generally have lower interest rates than high-yield CDs. This bank’s bump-up CD lets you request a rate adjustment one time during your CD term if rates rise. Synchrony also has two specialty CDs: a one-time bump-up CD and no-penalty CD. Synchrony boasts competitive rates for its high-yield CDs, with its best terms offering over 5.40% annual percentage yield right now.
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