
Promotional CD Rates Explained: How Banks Attract New Deposits
Promotional CD rates promise bigger returns for a limited time, but higher minimums and early withdrawal penalties can complicate the payoff. Here's how they actually work.

Promotional CD rates promise bigger returns for a limited time, but higher minimums and early withdrawal penalties can complicate the payoff. Here's how they actually work.

USAA's CD rates top out at 2.25% APY, with a 7 month jumbo hitting 3.25%. Here's how the military bank's terms, minimums and penalties actually compare.

EverBank's CDs pay up to 4.00% APY, and its CDARS option pushes FDIC coverage to $50 million. Here's how the rates, terms and tradeoffs actually stack up.