The sheer number of ways to save your money can seem overwhelming. Choices range from earmarking a portion of your checking balance for savings, to opening a second checking account specifically for savings, to using a traditional savings account or certificate of deposit. Separating funds or adding a savings-dedicated checking account seem like simple, no-fuss options, but many people can’t resist the temptation of easily accessible money—and are missing out on potential interest earnings. Savings accounts are a safe alternative, but you could be trading earning potential for convenient access. So, what about certificates of deposits (CDs)?
A CD is a federally insured savings account that features a guaranteed fixed interest rate—that’s typically higher than most saving accounts—for a set period of time. (During that time, you won’t be able to access your money without penalty.)
If most or all of the above applies to you, a certificate of deposit is a great—and rewarding—way to meet your savings goals. Now you need to find a CD with a great rate and right terms from a bank you can trust, like BrioDirect. BrioDirect’s high-yield online CDs offer some of the best rates around, terms from 30 days to 60 months, a guaranteed rate of return, and the security of FDIC insurance: Learn more now.
All deposit products are provided by Sterling National Bank, an insured FDIC institution. BrioDirect is a sub-brand of Sterling National Bank. Sterling National Bank operates under the trade name BrioDirect. This trade name is used by, and refers to, Sterling National Bank, a single FDIC-insured bank.
Accounts that are opened via www.briodirectbanking.com and marketed by BrioDirect are Sterling National Bank accounts. Deposits in these accounts are made with Sterling National Bank. For purposes of determining how much FDIC insurance is applicable to your accounts, you need to consider not only the BrioDirect online savings or CD accounts that you maintain, but also all other accounts you maintain at Sterling National Bank.