Plus, having CD accounts spread out at multiple financial institutions can be hard to track. We considered ratings from the Better Business Bureau, Trustpilot and J.D. While earning a high yield is vital, having a good experience with the bank or credit union that’s potentially managing thousands of your hard-earned dollars can help put your mind at ease. The main point of having a CD is to earn guaranteed interest on it, so we weighed APY most heavily.
To be specific, we evaluated more than 350 CDs offered by 136 financial institutions - a mix of traditional brick-and-mortar banks, online banks and credit unions - and weighed them on the following factors to create a score out of 100.
We looked at scores of CDs and found the best rates, so you don’t have to.
