Thinking about getting a CD. Since I already have a savings account with Capital One, I looked at their offerings first.
The below link has the CD rates for Capital One. What seems unusual to me is that their best rate is for a 1 year CD. Why would a 1 year CD have a rate better than their longer term CDs? Is there a catch somewhere that I am missing? I always thought the longer the term the better the rate?? Why would someone tie up their money for a longer period at a LOWER rate?