"Even so, there are some clear winners. Savers have benefited from record-high APYs on their deposit accounts, with some high-yield savings accounts and certificates of deposit (CDs) offering APYs well above 5%."
"Goldman is offering a 10-month CD with a fixed 5.05% APY, which is more than three times the national average. The minimum deposit to open an account is $500."
"This CD doesn't come with any regular fees or penalties, unless you withdraw money before your CD matures. For CDs with terms under one year, you'll pay a penalty equal to 90 days' interest on the original principal balance."
"When your CD matures, you'll have a 10-day grace period. During that time, you can withdraw your balance without paying a penalty, roll over the money in your CD into a new CD with a new term, or renew your CD and keep the same term."
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