These have changeable interest rates. Some variable-rate CDs feature a "multi-step" or "bonus rate" structure in which interest rates increase or decrease over time according to a pre-set schedule. Other variable-rate CDs pay interest rates that track the performance of a specified market index, such as the S&P 500 Index.
- Introduction to Investing
- Research Before You Invest
- Protect Your Investments
- Additional Resources
- Free Financial Planning Tools