Finding Decent Deposit Rates These Days
There are some banks and credit unions that offer higher CD rates but you'll have to search to find financial institutions offering better rates. RatesORama.com offers a list of CD rates for several different CD account terms. From 3 months to 7 year CD accounts we have reviews of banks and credit unions and the interest rates they are offering.
If you're new to certificate of deposit investing the rate financial institutions offer can vary greatly so pays to shop around. Just like you would comparison shop for any item you purchase you should do the same for your investments.
The longer the certificate of deposit term the higher the rate and annual percentage yield (APY) will be. So when you're searching make sure to compare the same CD terms.
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