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Highest Bank CD Rates and Certificate of Deposit explained

TommyBryson 262 views

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So many different ways of investments and it always sums up to the same level of understanding, you earn more money from institution if your willing to give up liquidity I’ve been doing some research on cd’s and have been looking into them once I saw they started getting athletes and celebrities to promote them at chase And honestly it’s a little crazy and in a lot of cases not even worth the hassle and I will explain why in the video br brKey Questions Answered br br1 Why would you get a cd over a Savings or investment account? br br2 What are the benefits and what are the penalties? br br3 How does it work and what is it exactly? br brbPro Tip/b br Information is key
Comment from : @TommyBryson

Great information an a new subscriber as wellbrI think Chase bank have fixed the CD problem, correct me if I’m wrong but I think they did bro
Comment from : @metallion0738

talk too fast
Comment from : @5105obie

Ill get a CD at the beginning of the year so that when the year roles around ill use it to minumize or pay off taxes
Comment from : @sexii3292

Bryson slow down talking all fasssttt😂
Comment from : @Latasha-rl8ch

Right right right right right right?
Comment from : @alexandermaximvm6393

Thank you so much it’s really informative video mu brother
Comment from : @ambaw1004

Thanks! Good infoWhat's difference between my Rate 447 and Dividend of 4381‽
Comment from : @sharoneladavis2023

Thanks!
Comment from : @sharoneladavis2023

I just put in $20K in a CD account for 5
Comment from : @YktvTommy

Is it smarter to invest in a cd at 350 for three months or a cd for one year that pays 460? My thought is to invest in the three month cd four times in one year and get four paydays instead of one Example, 250,000 x o350 would yield me 8,750 every three months, x 4 would yield me 35,000 The same 250,000 x 046 would yield me 11,000 for the year It seems cut and dry to me unless I’m missing something , your thoughts
Comment from : @dwgar1322

😊get cds that offer up to 5 I don’t have that cash laying around I wished I did but I know someone that does I’m trying to convince him to get a cd
Comment from : @maryoneal2195

I hate chase
Comment from : @staceysantiago0323

Just put a good chunk of savings in a Santender six month CD @ 475
Comment from : @zackthebongripper7274

In the 1980s it was 16 !
Comment from : @zackthebongripper7274

Tommy Bryson i______/i A walking Legend !!
Comment from : @Virtues162

Do you have to open 5 CD accounts in the same bank?
Comment from : @Aam2008mui

Didnt see the video You talk a lot and speak very very fast You dont know how to comunicate
Comment from : @chameleon-369

Holy crap Take a breath and try and make the next video without the Red Bulls!
Comment from : @Bur6212

My guy your a goat man Thanks for the knowledge!
Comment from : @alexisrodriguez-n8m

#tax#evasion
Comment from : @davidl5833

Chase Bank is garbage
Comment from : @joestar6194

So could you explain a cd that has 10k put in it for say 525 for 3 months?
Comment from : @Wildsbleu

Can I earn interest if I have savings & cd account?
Comment from : @Secretninja-l6c

So essentially if I’m trying to rack up some money short term (a year) without touching for that time frame , cd is the way to go, however long term being locked in, savings accounts are better ??
Comment from : @kapedakrusader2359

Lets say your CD is past maturity Do you get charged with interest when you withdraw from your CD? Or you can withdraw the whole interest you earned?
Comment from : @nanaymaddy

Charts would be helpful
Comment from : @MsCafecito

So locking up $10k at 02 for a year and only getting $200 doesn’t seem very encouraging but I guess it’s better than just leaving it in the savings account
Comment from : @kmzlwd

You talk too fastI 'm going to watch an other youtuber
Comment from : @fleurdavril1465

smart moves
Comment from : @benno707

Has anyone tried the CDs with Ally bank? They say it's 4
Comment from : @jhyland87

I want to find out more about this can you help me if it's true from New York City 4:48 PM Wednesday April 19
Comment from : @jg6ycuj340

Times have Changed I just got almost 5 on 18 months today!!
Comment from : @Out-tha-mud-

Check out Citi banking I saw they have rates as high as 415
Comment from : @scottirons1548

I use cds as a safety cushion while I do my investment ventures I have 12 that are due every month in the amount of my living expenses, so if I lose my job or a deal goes wrong, I am good for a year without making another dimebrbrI am doing this as I gain skills to make more money
Comment from : @jasmynesartstudio

My financial institution is currently offering 51 percent I'm definitely going in on that with now having better understanding of how that works Thanks
Comment from : @DJMadVibes1

Hi, is the APY on a share certificate the same as the interest rate?
Comment from : @simone2125

My bank has a CD program for 425 APY for 7 months It sounds too good to be true I gotta read the fine print
Comment from : @chinastar1177

can someone please answer my question i want to open a 3 months CD the APY says 460 if i invest 10,000 how much will i get back in 3 months when my CD matures? it can't be $460 what woudl be my return? is it $110 for the 3 months?
Comment from : @josephsaeteurn9158

At my bank they say the youngest age to get a CD is age 15 Is there any way around this? What if I want to get a CD for a 3 year old or 5 year old
Comment from : @milanimorales2645

learned so much from this video! much appreciated brother
Comment from : @joshuamitch3895

Dude, you’re talking too much and you keep repeating yourself
Comment from : @bsjfitnesschasertv3788

Thanks for the recommendation of investing in knowledge before CDs
Comment from : @chrisiexhris-6194

I apologize if I missed it, so is it better for me to invest 5k in one CD or have five different CDs with 1k in each?
Comment from : @CoachMBullock

For veterans and their families Navy Federal always have the best rates for CD accounts
Comment from : @ricchfe8347

Thank you for sharing your time and your knowledgebrThis video was very helpful for me ❤️🙏🏽
Comment from : @lavernf9204

I messed up by thinking I was gonna get 35 percent back every month of a 10k cd account 🤦🏻‍♂️ later I found out it was for the whole 11 month agreement So now ima have to wait until my contract is done and get my money back because that is a complete ripoff on behalf of this money hungry corporations
Comment from : @whatisdreup2

I think CD's and savings accounts are not really worth it, I spend the money if it is laying around my house so that's the only reason I have savings and CD accounts
Comment from : @GhostGrind

I’m a 19 year old entrepreneur (6 years jn) and I recently received my LLC so I am focusing on securing my future because I didn’t go to college and I don’t work a 9-5 so I feel like I have to be a littleeeeee bit more cautious with how I proceed with my finances Lol long story short thank you for this video !
Comment from : @briaarie9089

What the hell do a CD rate 3 years ago got to do it today
Comment from : @johnwebb8810

Thank you Tommy
Comment from : @BostonSteve922

Thanks for the informative video bro!
Comment from : @johnrodriguez5277

Does anyone know how that rate is determined?
Comment from : @Cello69

Is a CD a good idea for investing for a child or not?😅
Comment from : @caitchristine3463

My bank is offering a 30 month 408 rate w/ min deposit of $1,000 -
Comment from : @Cupcake40

time is money
Comment from : @angel_v_

How is Patelco for CD's?
Comment from : @Fr33d0

Thank you, great information!
Comment from : @jacquelinealvarado4343

Super helpful 🎉
Comment from : @ahelena2790

@1:19 your math is wrong 002 of 10k is $$$$$$$200$$$$$$$$$$$$$$$$$$$ 🥹
Comment from : @julianpratap9466

You would need to leave $10,000 in it for 80 years to actually see a profit 😂😂
Comment from : @lambo7266

Bro if you say “right” one more time ima kill myself Yoooooo are you serious Stop The fuck Almost unwatchable when every other word is “right” Constructive criticism
Comment from : @x2eXu50x

Don't put your money in saving accounts, buy jpm shares and collect $3 per shares in dividends and capital gain
Comment from : @sherifadam123

Happy I’m ex military I get navy federal we get 315 on cds
Comment from : @XxDINOxFROSTxX

You need to learn how to use a calculator and equate percentages Dumbass Stop misleading people
Comment from : @AddTomatoes

I bwonder/b if bthis/b works
Comment from : @unserve2510

Thank you 🙏
Comment from : @DashiellAvery

😲
Comment from : @Carol-ng3qi

Won't you see the whole point of me watching this video is because I just started a job and my goal is to save up at least $10,000 by the end of the year
Comment from : @blackthundervids8610

thank you!
Comment from : @nick3777

I liked the video at the exact moment when he said " I'm saying this to you because eventually you will have a lot of money," thanks friend
Comment from : @MsScarlett22

🙏🏾🙏🏾🙏🏾
Comment from : @itscrazybutitstrue

I was thinking about opening a cd account for my 4 year old does is that a good I idea or I should I just stick with a savings account
Comment from : @deandremills9981

Dope video
Comment from : @michaeldonley7741

here to learn, keep it coming
Comment from : @yoursubconsious

CD is good for people who have a lot of money to spare
Comment from : @kensofuego5928

For all that just throw 10k on bitcoin lol
Comment from : @ltdricks

Im 25 and I currently just payed everything off i have bills like my monthly rent (300 a month) but i really need to start investing my money is this a good way? Like for when im 40? i can have a nice truck and buy some land with my house on it
Comment from : @dewmontain123

$94000, very active in Church
Comment from : @guerlinesaintlouis4471

excellent! AND I greatly appreciate the wisdom
Comment from : @thedarkriver1

Investment information from an American Black Gentleman!? 👍🏻👏👏 new subscriber
Comment from : @a83blazzr

So we gotta pay every month to the bank
Comment from : @louierockefeller9371

bRich people plays the money game to win/b bPoor people plays the money to not lose/b bThe goal of the truly rich people is to have massive wealth and the poor sees a surplus as an opportunity for consumption instead of investing it/b bchange your mindset and do what the rich does,/b bwhich is investing,/b binvesting and investing/b
Comment from : @samuelteddy439

I miss the good old days i use to love cds in 2003 they was like at 3 to 4 now its not even 1
Comment from : @playboysosexy1

This is the best explanation Ive gotten about cd by far You thought me a lot and you're half of my age Thank you!
Comment from : @mebe935

Who in the blue hell is paying 2 or 3 for that matter?
Comment from : @tomsaywer9883

Capital one is very bad
Comment from : @donatiendjirangaye

hi tommy, great video bro need tips for investment plan into suggestions please
Comment from : @AsimKhan-hz5kr

Do u have a instagram? I have questions
Comment from : @ethanoconnell1002

me gusto mucho tu video brother
Comment from : @eastboyinc6873

CDs make sense if u want to borrow against to buy a car; you can flip the redeploy the cash at the end of loan for your loan for another cash Or your saving to buy a house
Comment from : @josephjones836

Good info on CDs however, compound interest can significantly boost investment returns over the long term While a $100,000 deposit that receives 5 simple annual interest would earn $50,000 in total interest over 10 years, the annual compound interest of 5 on $10,000 would amount to $62,88946 over the same period If the compounding period were instead paid monthly over the same 10-year period at 5 compound interest, the total interest would instead grow to $64,70095 So don't think that you shouldn't be running the numbers on your compounding periods
Comment from : @SamSteincamp