Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Rising-Rate CD Bankrate Survey

Tuesday, April 12, 2011 - 7:53 AM
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 However, only 20% of the original deposit can be withdrawn without a penalty (see credit union's page).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.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708