A CD is not a better savings account. It is a trade of access for rate certainty, and the exit terms are the price.

Breaking a CD to chase a higher rate usually loses. Run the penalty against the extra interest before you move.

UK fixed rate bonds often bar early withdrawal entirely, while a US CD lets you leave for a stated penalty.

FSCS protection rose to 120,000 pounds per person per firm on 1 December 2025, above the old 85,000 figure.

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