Many investors are choosing to purchase short term CDs over longer terms. It's hard to justify locking your money into a long term CD when CD rates are low. Ally Bank has a great solution that gives you the best of both worlds - a decent CD rate to start and the opportunity to raise your CD rate later.
The Raise Your Rate CD from Ally Bank is currently crediting 2.02% APY for 2 years. Lock in a great rate now, plus have the option of a one-time rate increase if the rate goes up.
Discover Bank is offering competitive CD rates on durations from three months to five years. Current CD rates are as follows:
Dollar Bank is offering one of the best CD rates in the country on its 5-month IRA CD. This CD term is crediting 2.00% APY.
An IRA CD from Dollar Bank will earn a guaranteed return with the safety of FDIC insurance. Your deposits are covered up to $250,000, but you can open an account with as little as $500.
U.S. Bank is offering special CD rates on its 27, 42 and 59 month certificates of deposit. Current CD rates are as follows:
The minimum to open an account is $1,000. All interest payments on the advertised CD rates will be made annually and at maturity.
"Keep a balanced portfolio" is one of the most common pieces of advice given to investors. But how do you apply this one-size fits all approach to your portfolio? In a recent article by Paul B. Farrell for MarketWatch, he looks at 10 short-term investing tips that could help bring a more conservative balance to your portfolio.
Bank Midwest has a deal on its 12 month CD. At 2.10% APY, it has one of the highest CD rates in the market for a 12 month certificate of deposit.
JSC Federal Credit Union is crediting 2.53% APY on its 36-month CD. Like all of JSC's certificates of deposit, this CD rate is guaranteed during the entire term.
Interest earned can be left in the CD to compound or it can be transferred to another JSC FCU checking account or savings account.
A minimum deposit of $500 is required to open an account for new and existing customers.
What is the highest rate on a CD that you've seen recently? I have deal for you that blows all other CD rates out of the water and into the clouds. Patelco Credit Union is crediting 5.00% APY on a 12 Month CD for new customers.
Fairport Savings Bank, a New York-based commmunity bank, is running a special on its 35 month CD. Rates on the CD specials are far above Fairport Savings Bank's standard CD rates when you meet certain conditions. The 35 month CD, specifically, boasts a highly competitive rate of 2.50% APY.
To qualify for the 35 month CD rate special, you'll need to meet the following requirements:
Beach Community Bank, a Florida-based community bank, has a fantastic deal of 3.10% APY on its 40 month CD. Rates on all CD specials are only valid if you have a Beach Community Bank checking account.
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