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Why are certificate of deposit interest rates so high?

Updated: 9/10/2019
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14y ago

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Banks pay you a premium interest rates for leaving your money untoched for a predetermined amount of time.

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14y ago
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Q: Why are certificate of deposit interest rates so high?
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Related questions

Where can I find interest rates for a high certificate of deposit?

Interest rates are printed daily in the newspaper.


How do I get the best high certificate of deposit interest rates?

You will recieve a higher rate of interest as your deposit amount increases.


Where can I learn more about high certificate of deposit interest rates?

You can learn more about high certificate of deposit interest rates at cdrates.bankaholic.com and www.bankrate.com/cd.aspx. Additionally, both sites provide reviews of the different CDs available.


Is there a bank better than Ally for high certificate of deposit interest rates?

There are many banks that offer competitive interest rates. You can check sites like Bankrate.com to compare interest rates


Are there high interest rates on certificate of deposit?

Interest rates on CDs are generally between 1 and 2 percent, so not really. If you want high returns, you'll need to look into investments, which can be risky.


Where can I go to find high certificate of deposit interest rates?

Ally Bank (ally.com) has CDs with an annual yield of 1.7%, which is very high for a CD.


What is the benefit of fixed deposit interest rates?

Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.


Would a savings and loan bank provide high certificate of deposit interest rates?

In general, yes they would but every bank is different.


What is the definition of a certificate of deposit?

An online certificate of deposit is a banking term referring to an online bank account. A certificate of deposit is a sum of money specified by the depositor at and interest rate offered by a banking establishment.


Where can someone find comparisons of CD rates?

Comparisons of CD rates can be found on the Bankrate website. They offer high yield bank CD rates, best certificate of deposit interest rate and savings investment.


Where can I find high interest of bank certificates of deposit rates?

in alexandria louisiana


Where can a person find certificates of deposit with high interest?

A person can find certificates of deposit with high interest from the following sources: Bank Rates, Bankaholic, My Bank Tracker, Money Rates, Ally Bank, to name a few.