Whats the best bank right now for cds?
Check out, Bank Rate for the best interest rates. It can find rates based on location so you can find a local bank or go with online ones like E*Trade. After you find a good rate, just search the Internet for stories about customer service. Security-wise, I believe most banks will be about the same. The Fed has rules they all must follow like how secure their Web site is and how they must combat phishing schemes. I work for Prosperity Bank in Texas and I have a CD through them. I get a mildly better rate than their normally crappy rate because I work there. However, if you sit down with a banker, express interest in moving your assists to another bank that has a better rate, they will work with you. The rates aren’t set in stone and they don’t want to see money leave. Bonus, E*Trade has a one year CD for 3.5% with a minimum $1,000 and is FDIC insured.
