4 banks that offer the best CD rates
It offers one of the best 5-year CD rates of 3%, which is quite competitive in the market and has an added advantage.
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Yes, you can compare the CD rates offered by different banks and choose the one which offers the maximum interest on your CD. In fact, it is wiser to compare the rates.
Certificates of deposit and fixed deposits (also called timedeposits) are essentially the same thing. Some banks even refer to fixed depositsas CDs. Both CDs and fixed deposits will pay interest more than "passbook" savings accounts, where money can be withdrawn at any time.