Best CD Rates in 2023: 5.65% for 12 Months

The best CD rates of 2023.
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CD rates are extremally high right now and 12 month CD's happen to have the best rates. I'll go over BMO Alto Bank, Capital One and Lending Club. These banks all have extremally high CD rates, so I'll compare some basic pros and cons of each.

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Chapters:
0:00 Intro
1:16 BMO Alto
2:30 Capital One
5:02 Lending Club

#honestfinance #bestcdrates

[HonestFinance]

Do you know of any better CD rates right now?

[redscorpion]

Im actually surprised that Santander is also up to between 5.00% 5.50%

[HaroldSmith]

Hello. I just put $100k in a 2 month CD through Chase. 5% APY. Thought it was great. Only 2 months. After it matures I could just do it again right? . This is my first time investing.

[Thomas-setb]

When do you think CD rates will peak? I’m waiting to see if there is a hike on November 1

[titoclutch]

I just recentley learned about CD rates. I was considering investing $2-4000. Just for clarity the interest rate is applied yearly or monthly. I saw you mentioned lending club is a minimum of $2500 which would gain you only $141 per year. That doesnt sound like the best deal for me because the amount of gain to time ratio is not enough. To be clear they payout per year? or is $141 a month?

[Tattooclownfish]

Not sure how this works you said 2500 cd you only make 141 for 12 months? Confused so you would need 10 grand or 50 grand to make money anyone please help I like this guy great videos 👍👍👍

[Lotuslaful]

Did you notice if some had fees or are cds straightforward rate

[jack]

Dont you still have to pay taxes on that?