You may want to open a Chase CD if you already bank with Chase, or if you want a longer or shorter CD term than other banks offer
Wells Fargo's term lengths are limited, so if you want a term under three months or over two years, Chase is the clear choice. Chase also requires a smaller opening deposit, so it's the better option for anyone who can't afford an initial deposit with Wells Fargo.
You have potential to earn a higher rate with Wells Fargo, though — it all comes down to your term length and balance tier.Like Chase, Bank of America has plenty of term options. Bank of America also pays similar rates, but you might earn a slightly higher rate than you would with Chase, depending on your term length and balance. Like Chase, you'll need at least $10,000 to earn the highest APY with Bank of America.
The two banks' offerings are pretty similar, so your choice between the two might come down to which has a branch closer to your home.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside The Athletic's layoffs, executive pay cuts: 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Inside Biden's Instagram influencer strategy, virtual campaign - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
30 quotes that take you inside Albert Einstein's brilliant mind - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Elon Musk won't offer paid time off for Juneteenth holiday - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Credit Sesame has acquired challenger bank Stack as it moves further into banking - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Trump's Kaepernick reversal still features anti-QB talking points - InsiderTrump's latest comments on Colin Kaepernick were surprising, but he still used talking points championed by those who don't believe the QB deserves another chance
Read more »