There are many people who seek the best CD rates when buying a 1 year CD. After all, it is only normal to want the best possible interest rate when buying any investment products. 1 year certificates of deposit are very popular financial instruments among those who want their savings to grow for a few reasons.
Certificates of deposit are guaranteed by the bank and the government not to lose any of their value, so there is no chance of you ending up with less money than you started with after the investment comes to maturity. The value of a CD grows at a constant rate, unlike market based investments such as stocks, whose value fluctuates on a daily basis. […]