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What is a good CD interest rate?

Updated: 9/27/2023
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14y ago

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A good Cd interst rate would be above 1,5,currently Discover Bank New Castle, offer a Cd interest of 1.69

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14y ago
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Related questions

How can you calculate your CD interest rate?

To calculate CD interest rate, all you have to do is to just multiply the principal amount you have invested in CD with interest rate. If u want to calculate for the monthly interest then divide the resultant with 12.


What's a high interest cd and are they any good?

A high interest CD is a CD that collects interest at a higher rate than a regular CD, but is more risky and short term. A normal savings account is trustworthy and can be used anywhere.


Where can I find the best interest rate?

Do you invest in your 401 k? The interest rate is typically much better there especially if you are saving for retirement. Also another option is to purchase a CD which the interest rate is always high on. Good luck.


How can you find the best CD interest rate?

The website Bankrate was able to list the best CD interest rates. Metlife offers a 1.290% interest rate, E-Loan offers a 1.250% interest rate, and Aurora Bank offers a 1.200% interest rate to name a few.


rate of interest for $50,000 CD?

the best rate is 5 percent


What is the highest CD rate that you can find?

For a one year CD, the best rate is 1.31%. If you can invest a little more long term, you can get a 2.75% interest rate with a five year CD. A 3 year currently carries a 3% interest rate.


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 current interest rate on a 3 month CD with PNC bank?

The interest rate for the 3 month CD varies. It is usually somewhere between 1.5-2%.


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".


How can you get CD interest rate?

You can get a CD interest rate by applying for one through one of several websites. You should investigate different rates before making a final decision.


What is an average CD interest rate?

Although each situation varies the average CD interest rate today is about 3.00%. It is beneficial to look into differant banking institutes to see who can give the best interest rates.


Does a jumbo CD rate provide a good liquid asset?

A Jumbo CD Rate can be liquidized relatively easily because there is usually not too high of a penalty for breaking your contract. Although interest rates are usually pretty low, a CD is a good way to let your money work for you.