Often your local bank will not be the best source for a high yield CD because they have a lot invested in their brick and mortar facility. Plus, they make more money by lending funds at high rates. So to get the highest rate, check out Bankrate.com or better yet, ask your stock broker or a firm like Edward Jones investors since they can get you the best rate from around the country.
There are many options for savings accounts which provide different interest rates. For traditional savings accounts, online banks typically yield the best rates.
The current interest rates for a high yield 3 month CD vary, but they are generally higher than traditional savings accounts. It's best to check with specific banks or financial institutions for the most up-to-date rates.
The best high yield CD option for a 12-month term is typically offered by online banks or credit unions, as they tend to have higher interest rates compared to traditional banks. It's important to compare rates and terms from different financial institutions to find the best option for your needs.
There are numerous banks that offer high yield CD's. Rates change daily. For the most up to date rates you can check BankRate.com
www.bankaholic.com will give you the latest and best rates on banks
The interest rates on savings accounts can vary depending on the bank and type of account. Generally, online banks tend to offer higher interest rates compared to traditional brick-and-mortar banks. High-yield savings accounts typically offer the highest interest rates, while regular savings accounts may offer lower rates. It's important to compare rates and terms before choosing a savings account to maximize your earnings.
A certificate of deposit (CD) can be found at most banks. CD's have different yield rates. Ally Bank, GE Capital Retail Bank and Third Federal have higher yield rates than others.
The best cd rates in nashville, TN can be found via this link. http://cdrates.bankaholic.com/ Looking up local banks amy also yield favorable cd rates.
Bankrate's website can give you information on high yield CDs. You can also obtain CD infomation at various banks which will give you various CD rates and terms.
There are variations in returns on CDs. They are provided by banks and other financial institutions. If you'd like to see a listing of current rates, go to bankrate and set your preferences. http://www.bankrate.com/cd.aspx
Banks offer different rates for high yield CDs depending on how much you are depositing and how long you will be leaving your money in the CD. Currently, Aurora Bank is offering a rate of 2.360 % on a five year CD with a minimum deposit of $1,000.
Banks and brokerage firms offer high yield CDs. You should do some research to find the best rates. www.bankrate.com/cd.aspx offers reviews of the highest yielding CDs available, and ranks the CDs in order of yield percentage.