How Do You Get A Better Certificate Deposit Interest Rate?
One of the things you may want to consider in your quest for getting a better rate of interest may be the duration that you have in place for your certificates of deposit. Typically, the longer you can extend the duration until it is time to renew or roll them over, the better rate of interest you will be able to get from your bank. Check and see if the interest rate would substantially improve if you went with a two or three year term rather than an eighteen-month term. Of course, also make sure you can afford to have your money tied up for that length of time as well before you change anything. Don’t be afraid to check with other financial institutions in your area. While the certificate deposit interest rate you currently receive is most likely competitive, you may very well find another bank that will provide you with a slightly better rate of interest. In fact, you may be able to take this information back to your bank and see if they will match the competition. Either way, you co
