Portfolio or if the depositor thinks that rates will either stagnate or drop over the next couple of years. The bank predominantly serves the Midwestern U.S. Huntington National Bank has its headquarters in Columbus, Ohio. Compare Huntington National Bank to Other Competitive Offers. In general, CDs of this duration are best opened as part of a laddered CD Fixed Rate CDs With Minimum Deposit of More Than 100,000. 40-.60 percentage points more in interest than a one year CD. Prone to be eaten away by inflation, especially if the CD is opened in a rising rate environment.įour year CDs currently pay between.
The value of longer-term CDs are especially For this who remain within FDIC limits, the principal threat is inflation. Receive the uninsured money in case of a bank failure. If your deposit is over the FDIC limit then you may not Generally, an individual should not invest in a four year CD unless they are comfortable partingįour year CDs from FDIC insured banks are insured up to FDIC limits (generally $250,000 per account holder per bank). The money (termed 'breaking the CD') high penalties make this undesirable. Four year CDs are a longer-term CD and offer a fixed rate for 4 years in return for a commitment to keep the money in the bank for this period of time.
