Those rate increases are locked in when you open the account, but the blended APY - the average of the rates you’ll earn - is below the national average. Step Up CD: The Step Up CD offers a 28-month term, during which your interest rate increases every seven months.The four terms range from seven to 19 months. The minimum deposit is doubled to $1,000, which isn’t cheap, but it also isn’t atrociously unaffordable. Although they’re more competitive than the standard CDs, you can still find better yields elsewhere. CD Special: The CD Specials offer fixed rates.Regardless of your chosen term, however, the yields are below the national average. Terms are flexible, with 11 options ranging from one to 60 months. Standard CD: You can open a Standard CD with a minimum opening deposit of $500, which is low compared to many banks.6, 2023, and were found using the ZIP code 10022. Bank Special-Rate CDs offer comparatively higher interest, going up to 4.80% APY, but aren’t competitive with the best rates available.Īccount details and rates are accurate as of Dec. Bank offer extremely low interest rates, with some annual percentage yields (APY) dipping to 0.05%. Most certificates of deposit (CDs) at U.S.
