What are some CD bank rates?

Interest rates may vary between 1.2 percent to 0.25 percent. Some banks with great interest rates include Discover bank, which offers an interest rate of 1.2 percent with a minimum deposit of $2,500 and Sallie Mae, which offers 1.2 percent with no minimum balance. A bank may offer a lower interest rate such as 0.560 percent with a $10,000 minimum balance. Of course, it is in your best interest to shop around to get the highest rate for your buck. Consider if it is it really worth saving with your current bank, or if your money could work much harder for you in another bank.
Once your CD matures, or the time frame has elapsed, you can either choose to reinvest your money or withdraw it. Keep in mind there is usually a time frame (normally 14 days) to withdraw before it gets automatically reinvested into another CD. Though you cannot withdraw money from your CD, you can withdraw the interest that it accrues. If possible, it is wise to reinvest that money into your CD.