On the surface, certificates of deposit (CDs) and share certificates might seem like boring investments. However, they’re low-risk investment options that can offer very attractive returns. With a CD, you make a lump sum deposit, committing your funds for a fixed period in exchange for a fixed interest rate.
Through collaboration with Curinos, we analyzed over 20,000 data points from banks and credit unions in Michigan, pinpointing the best CDs in the state that offer the highest annual percentage yields (APYs).
