Yes, you can get 6% on a CD now. As of January 10, 2025, the Financial Partners Credit Union is offering 6.00% APY on their CD rates for 8 months. The minimum deposit is $1,000.00, up to a $5,000 maximum. Check out the latest CD rates from over 400 banks and credit unions.
While there aren't any financial institutions paying 7% on a CD right now, there are other banks and credit unions that pay high CD rates. Compare today's top CD and savings rates.
For the foreseeable future, you won't find any banks that offer 7% APY on savings accounts. However, you can find some credit unions that pay 7% or more on checking accounts. Before opening an account, take a close look at the terms and conditions to determine whether you can earn the advertised rate.
Bandhan Bank is a leader among private banks, offering 8.05% interest for 1-year fixed deposits. RBL Bank offers 8.00% on FDs with a tenure of 500 days, ensuring that medium-term investors also get good returns.
You can apply for a Regular Saver via our App or Online Banking, and we'll get you set up within 3 working days. This account is only available to first direct 1st Account customers. Find out more about our 1st Account. Our Regular Saver gives you a 7.00% AER/Gross p.a.
A stocks and shares Isa is likely to be most suitable. That is unless you will turn 55 within 30 years, in which case a pension might be a better tax wrapper for you. If you're unsure about the time horizon, you could invest in both a pension and a stocks and shares Isa.
So, if the interest rate is 6%, you would divide 72 by 6 to get 12. This means that the investment will take about 12 years to double with a 6% fixed annual interest rate.
If you invested $10,000 in a mutual fund and the fund earned a 6% return for the year, it means you gained $600, and your investment would be worth $10,600.
Which bank is giving 9.5% interest on FD? Airtel Finance is in partnership with multiple small finance banks and NBFCs. They offer fixed deposit interest rates of up to 9.5% per annum, which is among the highest in the market.
Earn a bonus of $300 to $1,500, depending on deposit amount.
A deposit of $20,000 will earn $300; a deposit of $50,000 will earn $750; and a deposit of $100,000 or more will earn $1,500. The bonus will deposited into your account within 60 days of meeting the requirements.
Last year, there was a lot of buzz about how you could find CDs that earned up to 7 percent annual percentage yield (APY). Since then, top CD rates have declined slightly, although some financial institutions still offer CDs that earn 6 percent APY (or even higher, in one case).
Unlike traditional or high-yield savings accounts, which have variable APYs, most CDs lock your money into a fixed interest rate the day you open the account. That's why if you suspect interest rates will drop further, it can be a good idea to put money in a CD to preserve the high APY you would earn.