Finworth CD Rates: Top Rate at 5.70% for 16-Month CD

Finworth, a division of insbank, offers an array of Certificate of Deposit (CD) options for consumers looking for a secure way to grow their savings. Below is a breakdown of their CD products. The best CD rate offered at Finworth is on their 16-month certificate of deposit at 5.70%. Other top rates include the 8-month CD at 5.67% and the 18-month CD at 5.65%. All CD accounts have a minimum opening deposit of $50,000, you can see a complete list of current CD rates below. There is a complete list of Finworth CD rates below.

List of Finworth CD Rates

Insights on Rates

High Short-Term Rates

Finworth offers highly competitive short-term rates. Their 8, 16, and 18-month CDs all have rates above 5.60% APY, making them very attractive for those who don't want to lock away their money for an extended period.

Mid-Term Rates

For mid-term lengths like 12 and 21 months, Finworth provides substantial rates around 5.25% to 5.60%. This range is a good option for those looking for a middle-ground between short-term and long-term commitments.

Long-Term Rates

The long-term rates for 24 and 36-month CDs are notably lower than the shorter terms, hovering around 3.20% and 3.30% respectively. These might be less attractive given the higher rates available for shorter terms.

Low Short-Term Rates

The 3 and 6-month options, though shorter in term, offer the lowest interest rates at 2.27% and 2.52% APY, respectively. These may be ideal for those seeking the shortest commitment period, but they come with a trade-off in terms of lower interest.

Minimum Deposit

It's important to note that all of Finworth's CD products require a minimum deposit of $50,000, which may not be suitable for small investors.

Finworth's range of CD products offers high-interest rates, particularly for short-term and mid-term durations. However, the required minimum deposit is hefty, making it a more suitable option for those with significant capital to invest. Compare Finworth's rates with other bank CD rates.