Overwhelmed by your Google search for Certificates of Deposit (CDs)? Try using the Bankrate website to select your CD. I’ve put together a video explaining the very basics of CDs and showing a walkthrough of finding the best CD rates using Bankrate. Check it out!
As part of the Grow Your Dough Challenge, I put $1000 into a 12-month CD at Capital One to show a risk-free alternative to other investing options. While they do not have affiliate links for their CDs, Capital One does have an attractive Money Market account with a better interest rate than some short-term CDs. If you are interested in opening one of their 360 Money Market Accounts (which earns 2% interest on balances over $10,000), 360 Checking Account, or 360 Savings Account, you can use this Refer A Friend link and both of us will receive cash bonuses ($25 for you, $20 for me).