Counter

Find Best CD Rates

We regularly monitor rates from over 200 banks and show the highest CD rates. Certificate of Deposit rates are fixed for the term of the CD. You may be penalized for withdrawing funds before your certificate of deposit matures. The highest CD rates usually require longer terms. Bank and credit union CDs are insured up to $250,000 per depositor by the FDIC or NCUA.

Start Your Search: Change the term length and amount to see more CD Rates
Account Type
Term
Amount
 
3 http://www.mortgagerefinance.com/Certificates-Of-Deposit http://www.mortgagerefinance.com/Money-Market-Accounts http://www.mortgagerefinance.com/Saving-Accounts


Certificate Of Deposit Rates

A Certificates of Deposit (CD) is a financial product usually offered to consumers by credit unions, banks and thrift institutions. When you buy a CD, you invest a fixed amount of money for a fixed duration of time, and in exchange the issuing financial institution pays you interest, usually at regular intervals. When you redeem your CD, you get the money originally invested, as well as any accrued interest. However, if you choose to redeem your CD before maturity, you might have to forfeit part of the interest earned. CDs with longer maturities pay higher rates than CDs with shorter maturities. When you leave your money with the bank for a longer time, they reward you. However, the economy in general determines interest rates, which in turn influences the CD rates. Rates may rise or fall. You will need to decide whether you should tie up your money long term for higher rates or whether you should first wait and see if rates will improve in the near future.

You will need to shop around to get the best CD rates. Check your local credit unions and banks to see if anyone is having a ‘sale’. Quite often, you will find an institution which needs to get deposits in the books fast, and are therefore offering the best CD rates obtainable locally. These offers are usually advertised in the newspapers or banners. Another ideal place to shop is on the internet. Online banks offer some of the most favorable CD rates that you can find. They have lower overheads than physical banks and thus can pass some savings on to you. Another place to shop is in a brokerage firm. Though you may not be aware, your financial advisor might have some of the most favorable CD rates obtainable. Advisors can get access to brokered CDs, which are usually sold in larger blocks. However, make sure you consult someone trustworthy and that you understand the risks. It can be expensive to pull out of a brokered CD before maturity. Personal finance blogs on the internet are another good source for ideal CD rates. Finally, financial institutions present the best CD rates to their valued customers. To qualify for their favorable CD rates, you might need to satisfy a minimum investment requirement. You need to find out how much investment is required to get a higher rate. If it is within your means, take advantage.

Is this a helpful article? yes no (11 members say Yes)
3
Certificate Of Deposit
PRODUCT +/- Rate Last week
30 year fixed Graph Icon Arrow 3.97% 4.04%
15 year fixed Graph Icon Arrow 3.16% 3.18%
5/1 ARM Graph Icon Arrow 3.15% 3.16%

 Rate disclaimer

PRODUCT +/- Rate Last week
30 year fixed refi Graph Icon Arrow 3.99% 4.08%
15 year fixed refi Graph Icon Arrow 3.24% 3.19%
10 year fixed refi Graph Icon Arrow 3.05% 3.03%
PRODUCT +/- Rate Last week
60 month used car loan Graph Icon Arrow 3.19% 3.20%
48 month used car loan Graph Icon Arrow 3.17% 3.18%
60 month new car loan Graph Icon Arrow 3.41% 3.41%
PRODUCT +/- Yield Last week
6 Month CD Graph Icon Arrow 0.75% 0.71%
1 Year CD Graph Icon Arrow 1.23% 1.21%
2 Year CD Graph Icon Arrow 1.38% 1.36%
PRODUCT Rate
MMA and SAVINGS 0.54%
$10k MMA 0.49%
Interest Checking 0.43%
Compare Mortgage Rates
Type of Loan:
Home Description:
Your Credit Profile:

Mortgage Brokers & Lenders Directory

You can search our directory or Mortage Brokers & Lenders and get a current quote on 30 year fixed mortgage rates as well as current mortgage interest rate for other loan programs.

Mortgage Brokers:
or 

Mortgage Refinance by State
Alabama Mortgage Refinance Illinois Mortgage Refinance Montana Mortgage Refinance Rhode Island Mortgage Refinance
Alaska Mortgage Refinance Indiana Mortgage Refinance Nebraska Mortgage Refinance South Carolina Mortgage Refinance
Arizona Mortgage Refinance Iowa Mortgage Refinance Nevada Mortgage Refinance South Dakota Mortgage Refinance
Arkansas Mortgage Refinance Kansas Mortgage Refinance New Hampshire Mortgage Refinance Tennessee Mortgage Refinance
California Mortgage Refinance Kentucky Mortgage Refinance New Jersey Mortgage Refinance Texas Mortgage Refinance
Colorado Mortgage Refinance Louisiana Mortgage Refinance New Mexico Mortgage Refinance Utah Mortgage Refinance
Connecticut Mortgage Refinance Maine Mortgage Refinance New York Mortgage Refinance Vermont Mortgage Refinance
Delaware Mortgage Refinance Maryland Mortgage Refinance North Carolina Mortgage Refinance Virginia Mortgage Refinance
District of Columbia Mortgage Refinance Massachusetts Mortgage Refinance North Dakota Mortgage Refinance Washington Mortgage Refinance
Florida Mortgage Refinance Michigan Mortgage Refinance Ohio Mortgage Refinance West Virginia Mortgage Refinance
Georgia Mortgage Refinance Minnesota Mortgage Refinance Oklahoma Mortgage Refinance Wisconsin Mortgage Refinance
Hawaii Mortgage Refinance Mississippi Mortgage Refinance Oregon Mortgage Refinance Wyoming Mortgage Refinance
Idaho Mortgage Refinance Missouri Mortgage Refinance Pennsylvania Mortgage Refinance