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If a bank has a high CD interest rate, it will attract more customers to leave money in their bank. If the interest rates are too low, not many people would want to invest.
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∙ 12y ago
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What are CD rates and how do they affect banking?
CD rates are a interest that the bank offers the owner of a CD account for the period of time they choose for the CD. It's good for the bank since they have that money they can invest and make more money than what they offer us.
What is CD interest in banking?
CD interest in banking is rate-based income that one makes from keeping money in a CD (certificate of deposit. CD's typically have higher interest rates than regular savings accounts to substitute for the money being less liquid.
Where can one find the highest CD interest rates?
One can find the highest CD interest rates available by checking online banking statistic sites such as JPMorgan Chase & Co., Citibank, MBNA and Merril Lynch. One can also find the highest CD interest rates by calling local banks and credit unions.
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.
What does discover bank offer for new users?
They offer competitive interest rates for savings accounts, as well as high interest rates for CD accounts. They also offer online banking and insurance for money you have in their accounts.
What are CD rates and how do they affect banking?
CD rates are a interest that the bank offers the owner of a CD account for the period of time they choose for the CD. It's good for the bank since they have that money they can invest and make more money than what they offer us.
What are the highest CD rates and where can you learn more about it?
The highest CD rates can be found a banking institutions. To find the best rates on CD's in your area it is best to contact your bank and speak with a local branch representative. Alternatively, you may find the same inforamtion online.
What is CD interest in banking?
CD interest in banking is rate-based income that one makes from keeping money in a CD (certificate of deposit. CD's typically have higher interest rates than regular savings accounts to substitute for the money being less liquid.
what is the best CD rate in my town for 10,000/?
Find the latest CD rates here http://www.business.com/directory/financial_services/banking/certificates_of_deposits/cd_rates/
Where can one find the highest CD interest rates?
One can find the highest CD interest rates available by checking online banking statistic sites such as JPMorgan Chase & Co., Citibank, MBNA and Merril Lynch. One can also find the highest CD interest rates by calling local banks and credit unions.
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.
What does discover bank offer for new users?
They offer competitive interest rates for savings accounts, as well as high interest rates for CD accounts. They also offer online banking and insurance for money you have in their accounts.
What is interest in banks?
CD interest in banking is rate-based income that one makes from keeping money in a CD (certificate of deposit. CD's typically have higher interest rates than regular savings accounts to substitute for the money being less liquid.
What are cdrates?
CD rates are the interest rates you earn on your CD deposit. The rates can vary from bank to bank.
highest yeilding CD rates, and where?
best cd rates near 60014
Where can you find the best CD rates?
You can find the best CD rates by contacting local banks and asking them about their CD rates and comparing them all together to find the best one that meets your needs and wants.
Where can one go to find the current bank CD rates for Comerica Bank?
If you are interested in the rates for a specific bank such as Comerica you can go straight to their website. Their rates for individuals are shown at: http://www.comerica.com/personal-finance/banking/cds/Pages/fixed-rate-cd.aspx
