YOUR MONEY: Finding the best CD rateFinding a certificate of deposit (CD) rate offering a good return is no easy task — especially these days, when interest rates are extremely low.
By: Chuck Meyers, McClatchy-Tribune News Service
Finding a certificate of deposit (CD) rate offering a good return is no easy task — especially these days, when interest rates are extremely low.
If you are in the market for a CD however, several Web sites offer tools to help consumers track down the best rates.
Here are a few sites worth visiting:
Bankrate.com (www.bankrate.com/cd.aspx): Discusses CD investing basics, with comparison rates.
Banxquote.com (www.banx.com/banking.asp): Search for CD rates by type, location and term.
,B>Federal Deposit Insurance Corporation (www.fdic.gov/deposit/deposits/certificate/index.html):Features brief CD explainer and a number of useful saver tips.
Interest.com (deposits.interest.com/deposits/best—cd—interest—rates.html): Offers five methods for finding the best CD rates.
MoneyRates.com (www.money-rates.com/news/Why—CD—Rates—Differ.htm): Explains why CD rates are different, and how an investor can benefit.