Sentences with phrase «cds than traditional banks»
Online banks usually give you much better rates on CDs than traditional banks.
https://www.creditdonkey.com/ Not exact matches
Review: Bank of Internet USA's savings account has a 0.61 % APY and its one - year CD has a 0.55 % APY — among the lowest in this top 10 group but still higher than what many traditional banks offer.
As with many other banking products, online - only banks are able to offer CDs with much better rates than traditional institutions, thanks to their low operating costs.
However, keep in mind that should an emergency arise where some cash is needed, our CD products may be a better option than a traditional brick - and - mortar bank with no yearly interest.
An online account is arguably one of the most convenient ways to manage CDs and, generally speaking, online banks offer higher rates than traditional brick - and - mortar institutions.