Opening a 3 year cd might make sense for people who don t need access to their money for at least three years.
3 year cd.
How to save.
Another factor to consider when opening a 3 year cd is the rate environment.
Certificates of deposit or cds are time deposits bought by an individual in order to earn an established rate of return within a fixed time period.
3 year cd rates are usually higher than 2 year cd rates but lower than 4 year cd rates and are considered a mid to long term cd in terms of maturity period.
Review and compare the best 3 year cd rates.
Based out of atlanta georgia s own credit union has been around since 1934 and has about 200 000 members and 3 billion in assets as of september 2020.
Looking for the best 3 year cd rates certificate of deposit.
Review the top high yield certificate of deposit rates.
Then when the first cd matures in a year you take the resulting funds and open a top rate 5 year cd.
The top 3 year cd rates as listed on the rate table above are significantly higher than online or offline savings account rates.
Georgia s own credit union.
Compare the best 3 year cd rates certificate of deposit.
A 3 year cd is a good way to generate some interest on your money if you don t necessarily need access to it for a few years.
As a result these accounts are ideal for mid term goals like setting aside money.