Short Term CDs, Best Place to Stash Cash Right Now
If you have money in certificates of deposit the best place to be is in short term CDs. The reason being, interest rates are moving higher very soon. The best overall CD deal on our rate list is still on MyCBB Bank's 2 month CD. The bank's current 2 month CD rate is at 0.80 percent.
Interest rates might move higher as soon as next month when the Federal Open Market Committee meets. Saying invested in a 2 month CD at 0.80 percent is a good move, that way you can roll over the CD into a new higher rate.
Some banks are already increasing CD rates. The largest increase on our rate list this week is on EverBank's 3 month CD. The bank's 3 month rate was increased from 0.35 percent to 0.55 percent. A 0.20 percent increase, which is 0.57 percent higher than the old rate.
Listed below are the best CD rates for CD terms of 2 months to 1 year.
Best 2 Month Rates
Best 3 Month Rates
Best 6 Month Rates
Best 9 Month Rates
Best 1 Year Rates
Search and compare bank CD rates from many banks on our rate lists at RatesORama.com
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