Highest Bank CD Rates and Certificate of Deposit explained

Video quality	The size	Download

Information Highest Bank CD Rates and Certificate of Deposit explained

Title	:	Highest Bank CD Rates and Certificate of Deposit explained
Lasting	:	13.40
Date of publication	:
Views	:	205 rb

So many different ways of investments and it always sums up to the same level of understanding, you earn more money from institution if your willing to give up liquidity I’ve been doing some research on cd’s and have been looking into them once I saw they started getting athletes and celebrities to promote them at chase And honestly it’s a little crazy and in a lot of cases not even worth the hassle and I will explain why in the video br brKey Questions Answered br br1 Why would you get a cd over a Savings or investment account? br br2 What are the benefits and what are the penalties? br br3 How does it work and what is it exactly? br brbPro Tip/b br Information is key
Comment from : TommyBryson

So could you explain a cd that has 10k put in it for say 525 for 3 months?
Comment from : Shady Dunlap

Can I earn interest if I have savings & cd account?
Comment from : Marlon keeps it lit

So essentially if I’m trying to rack up some money short term (a year) without touching for that time frame , cd is the way to go, however long term being locked in, savings accounts are better ??
Comment from : KapeDaKrusader

Lets say your CD is past maturity Do you get charged with interest when you withdraw from your CD? Or you can withdraw the whole interest you earned?
Comment from : Nanay Maddy

Charts would be helpful
Comment from : MsCafecito

So locking up $10k at 02 for a year and only getting $200 doesn’t seem very encouraging but I guess it’s better than just leaving it in the savings account
Comment from : Moises Zavala

You talk too fastI 'm going to watch an other youtuber
Comment from : Fleurdavril

smart moves
Comment from : Benny Rodriguez

Has anyone tried the CDs with Ally bank? They say it's 4
Comment from : J H

I want to find out more about this can you help me if it's true from New York City 4:48 PM Wednesday April 19
Comment from : jg6ycuj

I am ssi get a check every month direct deposit will capital one The social security set to me a If I go over $2000 they'll stop my track so I'm thinking about opening CD Capital one says social security will not find out
Comment from : jg6ycuj

Times have Changed I just got almost 5 on 18 months today!!
Comment from : Moon and Back

Check out Citi banking I saw they have rates as high as 415
Comment from : Scott

I use cds as a safety cushion while I do my investment ventures I have 12 that are due every month in the amount of my living expenses, so if I lose my job or a deal goes wrong, I am good for a year without making another dimebrbrI am doing this as I gain skills to make more money
Comment from : Jasmynes Art Studio

My financial institution is currently offering 51 percent I'm definitely going in on that with now having better understanding of how that works Thanks
Comment from : DJMadVibes1

Hi, is the APY on a share certificate the same as the interest rate?
Comment from : Simone212

My bank has a CD program for 425 APY for 7 months It sounds too good to be true I gotta read the fine print
Comment from : Chinastar

can someone please answer my question i want to open a 3 months CD the APY says 460 if i invest 10,000 how much will i get back in 3 months when my CD matures? it can't be $460 what woudl be my return? is it $110 for the 3 months?
Comment from : Joseph Saeteurn

Hello Tommy I have a question… Capital One is currently running an offer where you can open up a CD for 11 months and get 5! 5 APY To me that seems pretty high If I have $30,000 in a high-yield savings account only getting 365… Should I put this 30,000 into a single 11 month CD at 5? Or should I break them up into five different ones for any reason? What would you do? Not sure I want to play the stock market though My thinking is that this is such a high pay out that putting it all into one CD makes sense But maybe I could break it up in five just in case I need to pull something out and so the rest of them aren’t penalized? Not sure, help!!
Comment from : Mary Davidson

At my bank they say the youngest age to get a CD is age 15 Is there any way around this? What if I want to get a CD for a 3 year old or 5 year old
Comment from : Milani Morales

learned so much from this video! much appreciated brother
Comment from : Joshua Mitch

Dude, you’re talking too much and you keep repeating yourself
Comment from : BSJ Fitnesschaser TV

Thanks for the recommendation of investing in knowledge before CDs
Comment from : Chrisiexhris -

I apologize if I missed it, so is it better for me to invest 5k in one CD or have five different CDs with 1k in each?
Comment from : Coach Matthew Bullock

For veterans and their families Navy Federal always have the best rates for CD accounts
Comment from : Ricch Fe

Thank you for sharing your time and your knowledgebrThis video was very helpful for me ❤️🙏🏽
Comment from : Lavern F

I messed up by thinking I was gonna get 35 percent back every month of a 10k cd account 🤦🏻‍♂️ later I found out it was for the whole 11 month agreement So now ima have to wait until my contract is done and get my money back because that is a complete ripoff on behalf of this money hungry corporations
Comment from : WhatIsDreUp2

I think CD's and savings accounts are not really worth it, I spend the money if it is laying around my house so that's the only reason I have savings and CD accounts
Comment from : GhostGrind

I’m a 19 year old entrepreneur (6 years jn) and I recently received my LLC so I am focusing on securing my future because I didn’t go to college and I don’t work a 9-5 so I feel like I have to be a littleeeeee bit more cautious with how I proceed with my finances Lol long story short thank you for this video !
Comment from : Bria Arie

What the hell do a CD rate 3 years ago got to do it today
Comment from : John Webb

Thank you Tommy
Comment from : Boston Steve

Thanks for the informative video bro!
Comment from : John Rodriguez

Be mostly debt free before you start investing a bunch of money Say you pay 6 on a car loan pay that off before investing in a 3 CD
Comment from : lobbyrobby

Does anyone know how that rate is determined?
Comment from : Max

Is a CD a good idea for investing for a child or not?😅
Comment from : Cait Christine

My bank is offering a 30 month 408 rate w/ min deposit of $1,000 -
Comment from : CupcakeNurse

I’m so happy I made productive decisions about my finances that changed my life forever I’m a single mother living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me
Comment from : Frank Hofmann

time is money
Comment from : angel

How is Patelco for CD's?
Comment from : Fernando David Valdez Guadron

Thank you, great information!
Comment from : Jacqueline Alvarado

Super helpful 🎉
Comment from : Acheeria Helena

@1:19 your math is wrong 002 of 10k is $$$$$$$200$$$$$$$$$$$$$$$$$$$ 🥹
Comment from : Julian Pratap

You would need to leave $10,000 in it for 80 years to actually see a profit 😂😂
Comment from : L A M B O

Bro if you say “right” one more time ima kill myself Yoooooo are you serious Stop The fuck Almost unwatchable when every other word is “right” Constructive criticism
Comment from : x2eXu50x

Don't put your money in saving accounts, buy jpm shares and collect $3 per shares in dividends and capital gain
Comment from : Adam Aidara

Happy I’m ex military I get navy federal we get 315 on cds
Comment from : Eric Reid

You need to learn how to use a calculator and equate percentages Dumbass Stop misleading people
Comment from : AddTomatoes

I bwonder/b if bthis/b works
Comment from : Unserve

Thank you 🙏
Comment from : D Dashiell

😲
Comment from : Carol

Won't you see the whole point of me watching this video is because I just started a job and my goal is to save up at least $10,000 by the end of the year
Comment from : blackthundervids

thank you!
Comment from : Deadloccs

I liked the video at the exact moment when he said " I'm saying this to you because eventually you will have a lot of money," thanks friend
Comment from : MsScarlett

🙏🏾🙏🏾🙏🏾
Comment from : Eliseé Jacques

I was thinking about opening a cd account for my 4 year old does is that a good I idea or I should I just stick with a savings account
Comment from : Deandre Mills

Dope video
Comment from : Michael Donley

here to learn, keep it coming
Comment from : Your Subconscious

CD is good for people who have a lot of money to spare
Comment from : KenSo Fuego

For all that just throw 10k on bitcoin lol
Comment from : LtdRicks

Im 25 and I currently just payed everything off i have bills like my monthly rent (300 a month) but i really need to start investing my money is this a good way? Like for when im 40? i can have a nice truck and buy some land with my house on it
Comment from : fraggdu51

$94000, very active in Church
Comment from : Guerline Saint Louis

excellent! AND I greatly appreciate the wisdom
Comment from : IncrediKAD76

Investment information from an American Black Gentleman!? 👍🏻👏👏 new subscriber
Comment from : a83blazzr

So we gotta pay every month to the bank
Comment from : louie Rockefeller

bRich people plays the money game to win/b bPoor people plays the money to not lose/b bThe goal of the truly rich people is to have massive wealth and the poor sees a surplus as an opportunity for consumption instead of investing it/b bchange your mindset and do what the rich does,/b bwhich is investing,/b binvesting and investing/b
Comment from : Samuel Teddy

I miss the good old days i use to love cds in 2003 they was like at 3 to 4 now its not even 1
Comment from : Jay H Martinez

This is the best explanation Ive gotten about cd by far You thought me a lot and you're half of my age Thank you!
Comment from : Me Be

Who in the blue hell is paying 2 or 3 for that matter?
Comment from : Tom Saywer

Capital one is very bad
Comment from : Donatien Djirangaye

hi tommy, great video bro need tips for investment plan into suggestions please
Comment from : Asim Khan

Do u have a instagram? I have questions
Comment from : Ethan O’Connell

me gusto mucho tu video brother
Comment from : Eastboy Inc

CDs make sense if u want to borrow against to buy a car; you can flip the redeploy the cash at the end of loan for your loan for another cash Or your saving to buy a house
Comment from : Joseph Jones

Good info on CDs however, compound interest can significantly boost investment returns over the long term While a $100,000 deposit that receives 5 simple annual interest would earn $50,000 in total interest over 10 years, the annual compound interest of 5 on $10,000 would amount to $62,88946 over the same period If the compounding period were instead paid monthly over the same 10-year period at 5 compound interest, the total interest would instead grow to $64,70095 So don't think that you shouldn't be running the numbers on your compounding periods
Comment from : Sam S

Nice vid
Comment from : S H

Oo
Comment from : my who channel

What about if u have to go to prison for 5 years and u dont kno nobody who you cab trust with ur mobey? Is a cd a good idea? Serious question
Comment from : Wesley Thomas

How much is 310 of $20,000brI know this might be stupid, but I’m confused with the thing, please help!!
Comment from : Jose Zamo

What’s the point of a cd when you account for inflation you’re not making anything in the interest ?
Comment from : GarbyGarb

You talk so fast that you're constantly tripping over your words Just slow down, it's ok
Comment from : db60615

@Tommy Bryson, 👋 I spoke to a bank teller today at my bank, and he said that I only need $250 to open up a "CD" account So I wanted to gain more knowledge before I made a decision
Comment from : Dion Toney

If your only going to make $200 per yr from a $ 10,000 CD , wouldn't it be more practical to take $200 and flip them ? Think about it this way Let's assume u have $ 200 sitting around, and u want to invest in making your money grow, invest those $200 in something u can buy and resell , once u buy and resell and have doubled those $200 into $400, continue that pattern to quadruple at a exponentially faster rate than a CD 🤷‍♂️🤦‍♂️
Comment from : kush smoke420

So if I do 14k for 3 years what would that be like 400 bucks lol
Comment from : Jared Hernandez

What about taxes bro ?
Comment from : MegaJunebug420

you're so great, very informative video
Comment from : dee zee

Entrepreneur would invest in CD’s always !!!!! You DEFINITELY need hundreds or even one hundred of thousands of dollar??????? Like what??? What kind of entrepreneur are you lol, if you’re saying high CD’s are going for about 2 percent have you even done the math on having a CD for 3 years at that rate?!?! TWO PERCENT A YEAR MAN?!? I AM ABOUT TO INVEST IN CD’s and it WILL NOT NEED TO BE A HUNDRED THOUSAND!!!
Comment from : Brian D

Great video, but I disagree on what you said about needing hundreds of thousands of dollars to successfully have a CD I have a few CD’s and I don’t have hundreds of thousands of dollars and I make good money of them
Comment from : Alejandro Moreno

Chase and Bank of America is shit Preach it
Comment from : Everest Studios

2 of 10000 is 20$ 💀
Comment from : David Lopez

I’m late to the party but can you please explain what money markets are ?brbrAnd thanks for the explanation on 💿!
Comment from : Stephanie Cervantes

Say I lock in a $1000 for 5 years can I put more money in that CD before it’s maturity?
Comment from : Cole Snyder

3 a year? 😭 index funds are laughing at this
Comment from : kalele1997

jusct checked capital one they have 1 for 2 not even 1
Comment from : Gustavo Medrano

Great video, I am new to this Why is my capital one CD interest return all of a sudden lower than before? It initially started with me getting a high interest return, now I am only getting 1/3 of what I was getting per month Why did it change? I have never taken any funds out
Comment from : adrenaline112