Minimum deposit: How much do you need to invest to use a CD? Some banks do not set any minimum, while others might require more than $1,000 to get started.That quote takes compounding frequency into account and helps you make an apples-to-apples comparison. The easiest way to compare rates is to use the annual percentage yield (APY), which banks typically provide for you. Interest rate: The higher the rate, the faster your money grows.Pay careful attention to the features below.
As you shop among banks, find a CD that’s the best fit for your finances.
