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Find the Best CD (Certificate of Deposit) Rates

Bankaholic’s CD (Certificate of Deposit) Rates Tool tracks the highest yield interest rates at 35+ nationwide banks in real time.

If you are seeking the best low-risk, higher than norm interest rate yield on your money, you might consider the CD (Certificates of Deposit). A Certificate of Deposit is very similar to a savings account. The difference is that this type of savings or investment account brings with it an additional set of rules to govern the transactional deposit. In addition, the rapid evolution in banking and financial processes has made it easier for smaller institutions to compete on an international scale.

Advantages of CD Accounts
There are many advantages to CD accounts versus money market or high yield interest rates for investors. However, even experienced leaders in the banking industry prefer the security offered by this low-risk option. Yet, a quick spin around the Internet search engines Google being the best around will return a number and variety of responses when using the query “Certificate of Deposit. Many of them claiming to offer the best CD rates. How does one decide which is stating a factual offer and which are not? Two places you likely have not thought to check are credit unions and government websites.

CD Rates at Credit Unions
Credit Unions are non-profit organizations and because of this, they tend to offer better rates than commercial institutions and banks. They also tend to have more personalized service than their larger counterparts, which are banks.

CD Accounts MUST be FDIC & NCUA Insured
For example, in the United States, the federal government insures bank accounts to a maximum of $100,000. The specific agency, which oversees the banking industry, is the Federal Deposit Insurance Corporation (FDIC). On this particular web site, it offers many solutions to would-be investors and urges care before depositing your money anywhere.

You are urged to pay special attention to such things as the date of maturity, which is the time that the transaction agreement expires. Remember many banks and financial institutions will assess a penalty for early withdrawal of the funds. Sometimes this can be substantial. Be sure to read the fine print and ask any questions you have up front before depositing rather than after when it is too late.