Details for RATESEEKER LLC - Ad from 2019-08-07

Suburban Journals

Financial Guide
Deposit & Loan
Institution

Synchrony Bank

Int Chking
Acct
Min

Money
Mkt Acct
Min

3 mo
CD
Min

6 mo
CD
Min

12 mo
CD
Min

18 mo
CD
Min

24 mo
CD
Min

36 mo
CD
Min

60 mo
CD
Min

NA

1.20

0.75

1.00

2.50

2.50

2.50

2.60

2.80

NA

0

2,000

2,000

2,000

2,000

2,000

2,000

2,000

Great Rates + Safety = Peace of Mind. Member FDIC.

Phone / Website

800-869-3813
www.synchronybank.com

TO PARTICIPATE IN THIS FEATURE,
CALL SALES DEPARTMENT @ 773-320-8492
Savings Update

What if a CDs rate drops before my deposit is made?
By Sabrina Karl

So you’ve done your research and identified the top-rate
CD you want to open. You begin the process of opening the
account, but then wonder, “What happens if the rate drops
before my deposit posts?” Or, what if the rate goes up in a
few days?

if your deposit doesn’t post for 2-3 days, you still get the rate
promised when opening the account.

In most cases, though, accounts are only opened on business
days. So if you open your CD on the weekend or a holiday,
or after hours, your account won’t open until the bank opens.
Unfortunately, there isn’t one answer. It depends on the bank And you’ll get the rate they offer at that time. So aim to lock in
or credit union where you’re opening the CD, and the day of during bank hours.
the week — or even the time of day — that you’re starting the
Even better is when banks offer a rate guarantee. With a “10process.
day rate guarantee”, for instance, the bank will set your CD
What you can count on is that CD rates can change at any to the highest rate available during the 10 days after opening
moment. The rate you see today might be higher or lower your account. If rates rise in a week, you get a better rate,
tomorrow. So here are a few tips on how to minimize your risks while a rate drop won’t hurt you.
and lost opportunities.
There’s no foolproof way to avoid all risk from CD rate fluctuaFirst, check with the bank or credit union you’re considering. tions. At some point you just have to commit. But a little homeMany set your rate at the time of account opening, meaning work can improve your chances of scoring the best return.
Rate Criteria: Rates effective as of 07/30/19 and may change without notice. RateSeeker, LLC. does not guarantee the accuracy of the information appearing above or the availability of rates in this table. Banks, Thrifts
and credit unions pay to advertise in this guide. NA means rates are not available or not offered at the time rates were surveyed. All institutions are FDIC or NCUA insured. Yields represent annual percentage yield (APY)
paid by participating institutions. Rates may change after the account is opened. Fees may reduce the earnings on the account. A penalty may be imposed for early withdrawal. To appear in this table, call 773-320-8492.

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