How Do You Find The Best CD Rates Online?
Certificates of deposit (CDs) are secure, structured instruments for saving money and earning interest over the long term. They are excellent for encouraging personal financial discipline, as they can’t be liquidated without paying a penalty until they reach maturity. Finding the best CD rates online involves some targeted research and potentially some negotiation with bank employees. Use a broad listing website such as bankrate.com or bankaholic.com to look for the best CD rates in your area (see Resources below). Keep in mind that not all banks post their CD rates online, although those that do not are typically less competitive. Consider looking for credit unions in your area to get better rates on CDs. Commercial banks typically offer lower rates on their CDs because they are trying to encourage their customers to other savings products like standard savings or money market accounts. These accounts typically do not pay as much interest to consumers, but they make more money for the
