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Many people first consider buying a CD from their local bank. However, if you are like most people who have researched your local bank's CD rates, you may be rather disappointed by the low rate of return advertised on these CDs. CDs in general do have a rather low rate of return in comparison to other types of investments you may choose to purchase. Historically, investments like stocks, bonds, mutual funds and real estate have out-performed CDs. The lower yield of CDs comes with the low risk of this type of investment. While few investors will want to keep all of their assets in a lower yield investment like CDs, they do have a place in a well-rounded portfolio. By shopping around for good CD rates, you can increase your yield on these low risk investments.
Online ShoppingWhile CD rates generally are lower than rates on other types of investments, some banks do offer a higher yield on CDs than other banks do. Comparing interest rates between various banks can help you to identify which bank offers the greatest return on your investment. Consider shopping online for interest rates to most easily find the highest rates. There are several excellent comparison sites online that you can use, or you can take time to visit the websites of different banks on your own to compare rates.
The Best RatesWhen you start looking at different interest rates offered by various banks and financial institutions, you will find that the best rates are offered on CDs that meet certain criteria. Good CD rates are found on CDs with a higher initial investment as well as on CDs that have a longer term length. When investing in CDs, consider investing as much money as you can comfortably afford and that also well-diversifies your portfolio of investments. Also, consider investing an amount of money that you are comfortable investing for a longer period of time. When you consider CDs as years-long investments rather than months-long investments, you can enjoy a greater return. By keeping these valuable tips in mind, you can most easily find higher interest rates when investing in CDs.
What else can I help you with?
Where can I find good cd interest rates in boston?
Bank of America offers great CD rates in your area.
Where can I find a good bank CD?
Try Bank of America, they have good CD rates for new customers.
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 you find the best CD interest rates?
CD rates refer to Certificate of Deposit rates. To find the best CD interest rates in your area, you should should speak to a financial adviser or contact your local bank representative.
Where can one find CD rates in CT?
The best Certificate of Deposit (CD) rates in Connecticut can be found at comparison sites such as Bank Rate, Find Rates, Find Bank Rates, and also individual bank websites such as Citizens Bank.
Which online banks have the highest CD interest rates?
Which online banks have the highest CD interest rates? can help you find the best current rates.
where do you see High CD Rates ?
You can find out more about which banks are offering high CD rates at www.cdrates.bankaholic.com and www.bankrate.com/cd.aspx .
Where can you find local CD rates?
To find local CD rates, there are a few options. First, you may call or visit with local banks in your area. Secondly, your local paper may have ads that disclose CD rates for banks in your area.
Which bank is giving the best cd rates?
Chase and Bank of America is giving the best cd rates. You can find more information at www.bestcashcow.com/bank_rates/savings.html or cdrates.bankaholic.com/category/cd-rates/
Where can you find jumbo cd rates at banks?
In order to find the rates for Jumbo CD's at banks, you need to talk to an associate at the bank in which you would like to purchase it from. The rates will vary depending on the bank you choose.
Where can a person find the highest CD interest rates?
To find the highest CD interest rates you can go to the cdrates.bankrate website. You can also contact the company or bank you have your account with.
Where can I find the lowest cd interest rates?
Try visiting www.bankrate.com to find the lowest cd rate in your area.
