You can contact banks in your area over the phone to hear their current CD rates. Many banks have websites now, and many also post their CD rates on the websites.
Ususally the interest rate on a CD will depend on various things. You will find you can get a higher rate if the amount of investment is higher, the term is longer, if you choose smaller institutions or credit unions and if it is a personal CD vs a Business.
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.
Check out www.bankaholic.com/highest-cd-rate-in-florida/
form_title= Jumbo CD Rates form_header= Find the best rate for a CD. What is your desired rate of return?*= _ [50] Do you have any other open CDs?*= () Yes () No Do you want to add any other financial savings?*= () Yes () No
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.
Ususally the interest rate on a CD will depend on various things. You will find you can get a higher rate if the amount of investment is higher, the term is longer, if you choose smaller institutions or credit unions and if it is a personal CD vs a Business.
You can find a CD rate for 13% percent for 12 months.
Try visiting www.bankrate.com to find the lowest cd rate in your area.
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.
Many online websites have a CD rate calculator. One can just find one online quickly and use it for free. The most reliable ones are from the official websites of the banks. Union Bank's CD rate calculator would be one of them.
A high-yield CD is one that has a greater return on your investment, in other words, a higher interest rate. It's not an account of any kind, you can purchase one at most financial institutions.
This will depend greatly on how long of a CD you are looking to invest in. The longer the investment the higher the intrest rate. These rates are something that would change on a daily basis.
Jumbo CD rates are higher than regular CD rates because the deposits are generally higher. However due to the recession, the difference in these rates are not great. It is better to invest elsewhere.
Check out www.bankaholic.com/highest-cd-rate-in-florida/
No, CD rates are higher, but you cannot withdraw the funds as easily as a bank savings account.
A CD, or certificate of deposit, is a financial product offered by banks and credit unions that typically pays a higher interest rate than a regular savings account. When you invest in a CD, you agree to leave your money in the account for a specific period of time, known as the term, in exchange for the higher interest rate. At the end of the term, you can withdraw your initial deposit plus any earned interest.
Your local bank branch would be able to give you information on CD rate calculator. You may also look on line on several websites. A couple of them are www.bankofinternet.com, www.free-online-calculator-use.com/cd-rate-calculator.