I’ve been stashing some extra cash in a high-yield savings account for a while now, but with inflation rising, I’m thinking about a CD to lock in a better rate. I remember Nexbank having some competitive offers a year or so back, but I haven’t checked them out in a while.
Anyone here using Nexbank CDs lately? Curious about their current rates and terms, especially compared to other banks. Would love to hear your experience if you’ve got one…
Hello, Nexbank CD rates vary depending on the term length and deposit amount. Rates range from competitive to higher compared to traditional banks. Check Nexbank’s website or contact them directly for the most current rates and terms.
The 12-month APY is 5.5, which is competitive at the moment, in my opinion. Actually, the 24-month RATE 4.72% APY 4.80% is what I’m examining.
Nexbank could be a smart choice to lock in a rate and fight inflation. Shop around, but they’re definitely worth considering!