June 6th, 2011
If you have been looking for a quick and easy way to find the best Bank CD Rates then go to BanksCDRates.org. They provide a listing table with the highest bank and credit union CD rates. If you aren’t familiar with Certificates of Deposits, then you can read some informative articles on the site. However, the basics of these investment vehicles is that they are low risk, low reward investments. The FDIC will guarantee your investment up to 250K, so there is little to no risk. However, the interest rates paid on CD’s can be very low, often times as low as 1% depending on your maturity date. These maturity dates range between 3 months and 5 years and the longer you invest, the higher your rate is. CD’s are great for preservation of capital and for diversifying your portfolio into low risk investment options.
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