Ramses Delgado, Banking Moderator
@ramses_delgado1
The main distinctions between featured CDs and fixed CDs are found in their interest rates, deposit requirements, and availability:
Differences Between Featured CDs and Fixed CDs
| Feature | Featured CDs | Fixed CDs |
| Interest Rates | Offer higher interest rates, often as promotional deals for specific deposit amounts and terms. | Generally, have lower interest rates but may provide more flexibility in terms and minimum deposits. |
| Deposit Requirements | Typically have higher minimum deposit requirements. | Usually have lower minimum deposit requirements, making them more accessible. |
| Availability | Often temporary and may have limited availability based on time or deposit goals. | Generally available year-round with various term lengths and deposit options. |
Ultimately, the best choice for you depends on your individual needs and priorities.
If you're looking for the highest possible return and are comfortable with a larger deposit and potentially limited availability, a featured CD might be ideal. If you prefer more flexibility and accessibility, a standard fixed CD might be a better fit.
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