Reported 1 day ago
Promotional certificates of deposit (CDs) are special offerings from banks and credit unions that typically feature higher annual percentage yields (APYs) than standard CDs. These promotional CDs may come with irregular term lengths and are often used as incentives to attract new customers. It's essential to research and compare promotional rates with standard market offerings, as these special rates may not renew upon maturity. Additionally, these CDs may require higher minimum deposits and can incur early withdrawal penalties, making careful consideration crucial before committing.
Source: YAHOO