Categories
Deals

Someone explain this one

Ok so I’m not the smartest with percentages and such, but someone explain to me why this place offers 3.3% for a 6 month CD while the annual return on the savings is 3%. Aren’t CDs returns locked, so if I buy a CD I definitely get 3.3% in 6 months… why would I even think about 3% in a year then? This is from the online bank ING.

Rates