High Yield CD Rates, Bank Certificate of Deposit Rates, CD Interest Rates

What interest rate should you expect when looking for high yield cd rates? Find the best CD interest rates here.

Here are a few general guidelines when searching for the best certificate of deposit account.

• Higher amounts of principal typically pay higher interest rates...but not always.
• Longer term CDs will typically pay higher interest rates.
• Business CD accounts typically offer lower interest rates than do personal CD accounts.
• Larger institutions tend to offer lower interest rates than smaller ones. My small town credit union offers one of the most competitive interest rates I have seen.
• Credit unions and banks that are not insured by the FDIC or NCUA typically offer smaller interest rates.

Historical CD Interest Rates

In searching for the highest CD rates, it may help to understand where bank certificate of deposit rates have been in the past.

Although it is impossible to know exactly where CD rates are headed, you may be able to get an idea from the past. As you can see from the chart above, CD interest rates in 2009 were lower than any other time since 1964. CD rates seem to be well correlated with interest rates.

Current CD Interest Rates

There are many CD accounts available locally, but if you cannot find what you are looking for, try going online. Just make sure you are well educated on investing in CDs prior to signing up for something. Avoid pitfalls and keep your money safe.

Here are a few websites that compare current CD rates:

• Bankrate
• Fidelity
• Bankaholic

Please be cautioned that you should check all of the details on any CD, prior to committing yourself.

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