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  2. High-yield savings rates for June 3, 2024 - AOL

    www.aol.com/finance/savings-interest-rates-today...

    Today’s best savings rates are at FDIC-insured digital banks and accounts offering yields of more than 5.35% APY with a minimum $500 opening deposit at My Banking Direct and Western Alliance ...

  3. Best CD rates for May 28, 2024 - AOL

    www.aol.com/finance/best-cd-rates-today-dont...

    Best CD rates for May 28, 2024. The best rates of return are found at FDIC-insured digital banks and online accounts — up to 5.40% APY at NexBank with a minimum $25,000 deposit and more than 5. ...

  4. Time deposit - Wikipedia

    en.wikipedia.org/wiki/Time_deposit

    v. t. e. A time deposit or term deposit (also known as a certificate of deposit in the United States, and as a guaranteed investment certificate in Canada) is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its "term". Time deposits differ from at call deposits, such as savings ...

  5. Certificate of deposit - Wikipedia

    en.wikipedia.org/wiki/Certificate_of_deposit

    A certificate of deposit ( CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates. The bank expects the CDs to be held until maturity ...

  6. Fixed deposit - Wikipedia

    en.wikipedia.org/wiki/Fixed_deposit

    Fixed deposit. A fixed deposit ( FD) is a tenured deposit account provided by banks or non-bank financial institutions which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. The term fixed deposit is most commonly used in ...

  7. Savings interest rates today: Fatten your bank balance with ...

    www.aol.com/finance/savings-interest-rates-today...

    At the conclusion of its third rate-setting policy meeting of the year on May 1, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50%, marking ...

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