Bankrate released its annual CD survey
which focuses on what it calls rising-rate CDs. I think a better term would be flexible CDs since it covers three special types of CDs: bump-up CDs, step-up CDs and liquid CDs.
Looking over the CDs from the banks and credit unions they surveyed
, I don't see any that look better than what you can get from Ally Bank
For liquid CDs, some of the long-term CDs look like they could be good deals. However, they don't all have full liquidity. For example, OnPoint Community Credit Union has a 2.10% APY 60-month liquid CD. However, only 20% of the original deposit can be withdrawn without a penalty (see credit union's page
). As a comparison, Ally Bank allows you to take all of your money from its No-Penalty CD without a penalty.