4 flexible and rising-rate CDs

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With signs that the Federal Reserve may be inching toward rate increases, savers should be wary of committing to today’s low rates by stashing their money in a certificate of deposit.

However, banks and credit unions like to have deposits they can hold on to for a while, so they market an array of CDs that mostly offer savers a range of different protections against rising rates.

RATE SEARCH: Compare banks for the best CD rates now.

To find out whether these flexible and rising-rate CDs are actually a smart deal, Bankrate surveyed 150 banks and thrifts — 10 of the largest in each of 10 U.S. markets — along with 50 of the nation’s largest credit unions from Oct. 2 to Oct. 15.

Here’s what Bankrate found.