Deal Alert: 20-Somethings Can Beat the Nation’s Best CD Rate—And Score a Rare Perk, Too

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Offering a rate boost over standard CDs, these pay more than the nation’s top rate in several terms. When that happens, savings account yields will decline—but a CD rate you lock in today is yours for the full term. In the shorter terms—1 year and 2 years—the youth CDs are competitive but not the nation’s top-paying options. But as you’ll see in the comparisons below, Mountain America’s 3-year, 4-year, and 5-year youth CDs pay more than any other nationwide CD currently available. So it's smart to open a youth CD now, even with just $5, to lock in today’s rate before it's gone.