Since CDs are insured by the FDIC, the rates are usually the same from one institution to another.

Name: Since CDs are insured by the FDIC, the rates are usually the same from one institution to another.
Brand: Quizplus
Rating: 4.8 (56 reviews)

Question

Quizplus · Accepted Answer

CD rates can vary significantly from one financial institution to another because they are determined by each bank's need for deposits and its competitive positioning, not directly by the FDIC.

Since CDs Are Insured by the FDIC, the Rates Are