0
No. A CD issued with a specified rate stands and the bank is liable to pay that interest, irrespective of whether the prevailing market interest rates are higher or lower. Remember it is a fixed rate, assuming the bank issued a CD to you at 7%, even if the market rates are only 6% the bank would give you 7%, similarly even if the market rates are 9% the bank would give you only 7%.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Where can I get a high interest rate on bank CDs?
As bank CD rates change often, the best way to locate the highest rates is to contact local banks and inquire as to their current rate on the desired CD product. One can then compare rates to determine which is the best deal.
What banks post their CD rates online?
It might be advisable when looking for banks to check out information available on the CD rates being offered by each bank before committing to a bank account. It is possible to check up on bank CD rates by viewing comparison sites online that might save time as well as bring in the best CD rate for your money. Sites such as Bank Rate offer information for those looking to get the best CD rate.
What banks offer the highest CD interest rates?
GMAC Bank has the highest CD interest rate at 2.80%. GMAC Bank also has the highest rate on 12/3 at 3.75percent with a minimum of 500 deposited for a 6 month CD.
What is a good CD interest rate?
A good Cd interst rate would be above 1,5,currently Discover Bank New Castle, offer a Cd interest of 1.69
which bank pays the highest CD rate, for six months, or a year, in Fort Worth, Texas?
WHAT BANK OFFERS BEST CD RATE ON 10,000.00 investment for 5 YEARS I was wondering if you got an answer to this question. I am looking for good rates for cd's myself.
Where can I find the best cd rates?
The rate for bank CD's change daily. For the most up to date rates you can check online at Bankrate.com
What is the best bank cd interest rate offered in Detroit, MI?
"Huntington" IS THE BEST BANK CD INTEREST RATE OFFERED IN DETROIT WHICH CANNOT BE COMPARED WITH THE OTHER BANK CD RATES
What is the interest rate for 1 million dollars put on a CD after 1 year?
The interest rate on a CD can be different in each bank, and they change all the time. Generally, the interest rate is stated at the time you buy the CD, and it doesn't change on that one once you've bought it ... the rate won't be different "after 1 year".
What are the current bank cd rates?
The rate of a bank cd varies based on several factors such as the length of the cd and the amount invested. The rate can be anywhere between .01% to 2%.
Where can I get a high interest rate on bank CDs?
As bank CD rates change often, the best way to locate the highest rates is to contact local banks and inquire as to their current rate on the desired CD product. One can then compare rates to determine which is the best deal.
What do I have to do in order to buy CD at the highest rate on line, or in bank. Which Bank ?
To get the highest rate CD, you'll want to put in as much money as possible for the longest term possible. which bank, georgia which bank in covington georgia
Who has the Top 1 year CD rate?
Bank of America has a great rate.
What are some common CD rates from Bank of America?
Bank of America currently has a promotional CD rate of .2%. This CD has a 12 month term. They also have a risk free 9 month CD at .14%. Finally, they have an 18 month CD with a rate of .15%.
what bank offers the best cd inyerest rate in ormond beach?
Banco Popular has a 15-month CD with a CD rate of 2.50% APY available.
I am looking for a bank with the highest interest rate on CD?
I would go with ING Direct CD.
Where are the highestrates for CD / what bank?
Discover Bank currently offers a return of 3.7% on a minimum $2,500 investment for a 5-year CD rate.
What banks post their CD rates online?
It might be advisable when looking for banks to check out information available on the CD rates being offered by each bank before committing to a bank account. It is possible to check up on bank CD rates by viewing comparison sites online that might save time as well as bring in the best CD rate for your money. Sites such as Bank Rate offer information for those looking to get the best CD rate.
