Barclays is paying 1.25% APY on certificates of deposit for 24 months. The bank does not require savers to make a minimum deposit to qualify for the offer.
Another financial institution is offering this rate – CIT Bank. It provides this through its Achiever CD for the 24 month term. It comes with two benefits – it allows savers to make one deposit to their account and bump up the rate on the deal once in that time.
To get the rate, savers will have to make a deposit of at least $25,000. For those who don’t want to pay that much money to their account, CIT Bank has another rate on the CD – 1.20% APY on a $1,000 deposit.
