Most banks offer CDs, and some let you invest in CDs with no minimum balance requirement. National average rates for 12-month CDs stand at 1.82% as of January 21, 2025, but many banks offer much ...

Browse Investopedia’s expert-written library to learn more. CDs, along with other types of deposit products, do not build credit. Only borrowing money through some type of loan from a ...

Finally, Marcus’ Rate Bump CD only comes with one term of 20 months, but it gives you the option to upgrade your rate once if rates increase during your term. Compare Marcus CDs some of the best ...