How Do You Get The Best CD Rate?
Certificates of deposit, commonly referred to as CD’s, are a great place to sink emergency funds or short-term savings. Read on to learn how to make sure you get the very best return on your investment. Use a website like bankrate.com to compare national CD rates. Then, check the rates at several Internet-only banks. Since these banks don’t have to shoulder the cost of maintaining local branches, they are typically able to offer better interest rates. Check your local newspaper for special promotional rates. If you already have CD’s at a financial institution, check to see if they offer higher rates for existing customers. Consider a longer CD term to earn a higher interest rate.
