Select Page
Budgetboost.co is supported by its readers. If you click on or buy something via a link on this page, we may earn a commission.
Budgetboost.co is supported by its readers. If you click on or buy something via a link on this page, we may earn a commission.

Highest CD Interest Rates at Best Banks: 6 Months up to 5 & 6 Years

Updated: October 2019
Follow us on: Pinterest

Highest CD Rates from the Best Banks Certificates of Deposit (CDs) have been around since the banking system first began. They are timed certificates that are popular because of the safety of principal and their liquidity. The CD generally pays a higher interest rate than the savings account. They are safe because they are insured by the Federal Deposit Insurance Corporation (FDIC) just as savings accounts are insured up to $250,000 .00 for each account. After the stock market crash of 1929, the Federal government required that chartered banks have membership in the Federal Reserve System with the advantage of having better loan rates when they borrow from the Federal Reserve as well as insuring deposits.

Table of Contents

Background

Rates have fluctuated over a period of time, sometimes to the detriment of the investor. They are now linked to the prime rate, which is set by the Federal Reserve. During high inflation times, rates have had very high returns. The opposite is true during an economic downturn, when they are quite meager.

It behooves you to search the various banks to find the best rate because they can change daily. Now that online banks are available, it is much easier to find the best rates. Since online banks do not have the overhead of a brick and mortar institution, they can afford to offer better rates. Regardless, it is a good idea to compare, not only the rates, but also the terms, fees, and the minimum amount of investment required.

Best CD Rates

 

 

  • Up to 3.15% for a 5-year term
  • $2500 minimum deposit

Live Oak Bank also offers certificate of deposit to interested consumers who want to earn higher interest rates compared to traditional savings account. At Live Oak Bank, the terms range from 6 months to 5 years. 

For a 6-month CD, the interest rate starts at 2.45%. For a 5-year CD, rates can go up to 3.15%. The minimum initial deposit requirement for your CD account is $2,500. There is also an early withdrawal penalty, which will vary according to the term that you chose upon opening your CD account. Once you reach maturity date, you have at least 10 days after to withdraw your account penalty-free.

 

 

  • Up to 3.10% for a 5-year term
  • $2000 minimum deposit

The Synchrony Bank Certificate of Deposit terms and rates are one of the best ones you can find in the market. First and foremost, they have flexible CD terms that range from as short as 3 months to 5 years. You can pick a term that is best suited to your current financial situation, needs, and investment goals. In addition to that, Synchrony Bank CD rates have consistently topped as one of the best in the industry.

Synchrony Bank have rates ranging from 0.75 to 3.10% APY. To qualify for the highest rate, you need to put down at least $2,000 in initial deposit.

 

 

  • Up to 3.10% for a 5-year term
  • No minimum deposit

Barclays is one of the oldest banks on this list. When it comes to Barclays CD rates they offer up to 3.10% APY rates on their CD accounts for a maximum term of 5 years. The starting interest rate is at 0.35% as they have CD terms as low as 3 months. There is also no minimum deposit and balance amount for your CD account.

To achieve high-yield performance from your Barclays CD account (a lock-in rate of 2.75%), opt for at least 12 months term on your CD deposit.

 

 

  • Up to 3.10% for a 5-year term
  • $500 minimum deposit

If you are in search of the best banks to offer high CD interest rates, add Marcus Bank to your list. With a minimum initial deposit of $500 required to open a CD account, you can get interest rate of anywhere from 0.60% to 3.15% APY. The terms for your CD account are also flexible with a range of 6 months to 6 years. As long as you opt for the 6-month term, you are qualified to earn the CD interest rates on your account. For a 12-month term, you can lock in on the 2.65% APY rate.

 

 

  • Up to 3.10% for a 5-year term
  • No minimum deposit

Capital One offers CD accounts for interested individuals who want to earn more than the typical savings account. They offer one of the most competitive rates you will find in the market today, and the interest rate will go higher the longer your chosen CD term. The terms offered start at 3 months and can go as long as 5 years. The average APY interest rate for a 12-month CD account is at 2.70%, or 2.85% for a 3-year CD account. If you opt for the longest term at 5 years, the interest rate can be as high as 3.10%.

 

 

  • Up to 3.10% for a 5-year term
  • No minimum deposit

The American Express CD rates are also one of the best you will find in the market. The applicable terms start at 6 months and can be up to 60 months (5 years). Select the ideal term to determine the lock-in rate for your CD account. For a 6-month term (the lowest one offered), there is a 0.40% interest rate. This rate will increase up to 3.10% for a 5-year term.

 

 

  • Up to 3.10% for a 5-year term
  • No minimum deposit

Ally Bank is a consistent recipient of awards for their outstanding customer service. But when it comes to their interest rates, particularly on their CD rates, they are also among the top options in the market.

Ally Bank offers CD rates from 0.75% to 3.10% APY on their short- and long-term CDs. There is no minimum deposit required to open a CD account, so you can put in as little or as much money as you want. They also provide no-penalty CD. This means that you have the option to withdraw your deposited amount even before maturity date and you won’t have to pay for penalty fees. You can pull out your money within 6 days after initial funding, as needed. Check out the Ally Invest app too which lets you invest from your phone.

 

  • Up to 2.50% for 18 months
  • Up to 1.7% for a 5-year term
  • $1,000 minimum deposit

Recently, CD rates have been going up on a consistent basis. But CIT wants to satisfy their clients by giving them more than that – they are offering no-penalty CD for 11 months along with 2.05% APY. Considering that this is only a short-term certificate of deposit, those terms are indeed highly favorable to individual investors.

In addition to this, CIT Bank CDs are FDIC insured and comes with daily compounding interest. The best part is that the low minimum rate of $1,000 makes it suitable for interested individuals.

 

 

  • Up to 3.10% for a 10-year term
  • $2,500 minimum deposit

The Discover Bank CD rates are among the best you will find in the market today. With a CD rate that range from 0.35% to 3.10%, this rate is definitely very competitive. Discover Bank also comes with a flexible term rate on their CDs, which can start with 3 months and reach up to 10 years. You can choose a term that best suits your financial needs and current situation. The minimum initial CD deposit at Discover Bank is $2,500.

 

 

  • Up to 3.15% for a 5-year term
  • $1,000 minimum deposit

The PenFed Credit Union offers one of the highest CD rates that you can find these days. The CD rates average at 3.30% APY, but in order to qualify you must put in a minimum deposit of $1,000 to open your account.

The Pentagon Federal Credit Union is a relative newcomer (when compared to other financial institutions on this list) as it was founded in 1935. Nonetheless, PedFed Credit Union currently has over 1.6 million customers and an asset valued at $25 billion. Certificate of deposit is just one of several product types that they offer. 

Highest CD Rates from the Best Banks

What are Your Options?

Choices abound among credit unions, local banks, and online banks. Geographically- limited financial institutions may make it more difficult for them to compete against more global banks. Customers like to know they are getting the best deal and not feel they have to rely strictly on local institutions; however, exploring banks in your own community may be worthwhile, especially if it will make you feel more secure to have your money nearby. Some older investors, in particular, are not comfortable placing their money in an online bank, and they like being familiar with the people who handle their money, whether it makes good financial sense or not. In that sense, local institutions can compete with online banks.

Because rates fluctuate so often, you need to check frequently on rates if you are planning to invest either a small or large sum of money. Another reason to stay on top of this is that you do not want to invest and lock in a rate and a term, then discover the next day or week that rates have increased.

What are the Rates?

To find the banks with the best CD rates, do some research and be selective. Also, ask if your deposit amount qualifies for a higher rate. When you are deciding which CD in which to deposit funds, be sure you are comparing apples with apples. Comparing a jumbo rate to a planned deposit that does not qualify could be confusing, and you just might think you are receiving one amount when you are actually receiving another. Make use of the online tools to ensure that you are getting what you think you are. Also, call the bank and speak directly with a customer service representative to get specific questions answered that may be unclear in the online jargon.

One caveat when you are depositing large sums of money. Be certain that each account does not exceed the FDIC limit of $250,000. If the sum is large enough, you will want to take into consideration the added earned interest to make sure it does not go over the limit. Also, keep track of your overall total if you have other accounts at the same bank. Be aware of the early withdrawal penalty before you commit large sums.

Understanding Laddering

A favorable way to optimize CD investments is to ladder them. If you want to retain the benefit of frequent reinvestment with shorter term CDS, laddering is the perfect solution. You purchase CDs in smaller amounts over shorter terms. Each maturation period gives you the ability to reinvest at a higher rate if the interest rate continues to climb. This flexibility not only gives you the benefit of possibly higher earnings, but it also allows you to withdraw the interest if you need it for some reason while reinvesting the principal. For example, you could invest in five different CDs with maturation spaced months or years apart. This allows the flexibility of adding to the CD or withdrawing from it.

If you have enough funds to invest, you could ladder them or think long term, or both. You could use the same concept for long term CDs simply by laddering a long term CD each year. While this takes longer, it could be the best option if you will not need the funds for many years. This can be an excellent way for young workers to prepare for retirement in addition to any pension entitlements from their jobs. This is especially true if they do not touch the funds over the course of their working careers. Find an account that fits your needs.

Highest CD Rates from the Best Banks

As of this writing, Live Oak Bank offers the highest CD rate at 3.15% for a 5-year term with $2500 minimum deposit. Synchrony Bank, Barclays, Marcus by Goldman Sachs, and Capital One 360 CD rates are the next highest at 3.10% for five year terms, and the American Express National Bank’s Personal Savings is offered at the same rate and term. Those same institutions offer the best 1-year rates of 2.75%, 2.55%, 2.55%, and 2.60% CD rates respectively.

Ally has become popular over the past few years because it offers different high-yield CDs, which include a raise-your-rate CD and a no-penalty CD. The raise-your-rate CD guarantees that you earn the best return now and reinvest at a higher rate if you have chosen that feature, but the starting rate may or may not be lower. The no-penalty CD guarantees that you can withdraw the funds prior to maturity without having to pay a penalty.

You pay for the privilege with a lower start rate. In addition to varied CDs, Ally also offers a money market account, an online savings account, and a checking account. Credit cards, home loans, and auto financing round out the offerings of this full-service online bank. Currently, it offers one year CDs at 2.50% with no minimum deposit and a five-year CD at 3.00% with a $25,000 minimum.

The CD may prevent you from raiding your savings because it is not as readily accessible as a regular savings account at the local bank. While they can provide a safe place to hold your money for specific goals, they are not designed to build wealth because of inflation. That is why financial advisors recommend a more balanced approach so that the money can grow enough to beat inflation over a long period of time.

The CD is desirable to the small investor because it does not require a large minimum deposit, it provides a fixed rate of return, and it has a low risk. You know you will not jeopardize the principal, and it is insured up to the limit required by the FDIC. Many different banks offer different CD rates, terms, and fees. Plodding through the numerous offerings may be difficult, but it is worth the time to choose wisely. Look at those that have interest which compounds daily so your money will grow faster. Having a grace period between the maturity and renewal dates allows investors the opportunity to change the terms, renew the CD, withdraw interest, or close the account altogether.

As with any other income, you must pay tax on the earned interest unless it is an IRA CD. Then you will only pay taxes when you withdraw the money. You may defer taxes on a traditional IRA, but you must pay taxes upfront on a Roth IRA.

Taking a little more risk may net a better rate of return, but the risk is what many people cannot abide. The safety of the principal is very appealing and that is of the utmost importance to certain segments of the population. Everyone’s situation is different, and having CDs as a safety net gives people the feeling of security even if they could possibly earn a better yield with a riskier product.

Alternatives

Some possible alternatives to investing in CDs include real estate crowdfunding, which allows you to invest in a real-estate deal with a small amount of money. Enough funds are generated to loan to people flipping properties or investors who want to purchase rental properties. Also Robo- investing is another popular alternative. It is pretty self -explanatory. With use of a computer algorithm, financial advice on investment portfolios is computer generated. This is not for people who need to sit face to face with an adviser in order to feel secure about their investments.

It should be noted that best money market accounts and best online savings account banks present an alternative in flexibility. CIT Bank offers 2.15% interest on savings accounts with a $100 minimum to open. Marcus and Synchrony Banks offer 2.05% with a $1 minimum. American Express and HSBC offer 2.00% with a $1 minimum deposit. These are higher than CD rates were a short while ago. They provide a more liquid form of investment, allowing you to access them easily. Keep an eye out for bank promos too since that’s instant extra cash.

A CD could be one of the best investments around because it is less risky than stocks or some of the other investment vehicles. A new “kid on the block” is Peerstreet, which makes loans for real estate investments. They publicize a yield of 6%-12% on 12 month loans. Because this is a newer product, it is wise to carefully investigate its claims. They are backed by real estate, but they are not deposits and are, therefore, not protected by the FDIC, which is one of the reasons that the CD is so popular.

CDs have both pros and cons. The astute investor will consider each and make a decision based on his or her goals and needs. Some of the pros are: It has higher rates of return for longer terms, it keeps money out of close reach, it is insured by the federal government, it has a guaranteed interest rate, and it keeps the principal safe. The cons are: Lack of access to funds for a specified period of time, possible early withdrawal penalties, lower yields than stock market or other investment opportunities.

FAQ

When it comes to making financial investments, getting a Certificate of Deposit or a CD is a safe way to save your money and earn based on the interest. Unlike a savings account, a CD means that you agree not to spend any of the money you deposit into the account for a pre-determined amount of time.

We’ve answered the following questions to give you a better understanding of the benefits of a CD and how it may be a good investment for your future.

How to Determine CD Rates

Creating a CD is a similar process to creating a savings account. Most banks offer it as a method of depositing your money and saving for the future. In order to get the best value for your CD, you must understand CD rates and how they are determined.

Take a look at the questions we’ve answered below on how to determine CD rates and find out how much you will earn with a CD.

Your Title Goes Here

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

How to calculate CD rates?

If you want to find out how much will be in your account before getting a CD, take the initial deposit and multiply it by your annual interest divided by the number of times your interest is compounded each year. Keep in mind that most CDs compound interest daily.

What are CD rates?

A CD is a certificate of deposit, which is like putting your money into a savings account, but the money must remain for a predetermined length of time. The CD rate is the interest rate the bank pays you for making the deposit.

Are CD rates fixed?

In most cases, a CD rate is fixed for a certain length of time and a fixed interest rate. There are some CD types, such as a bump-up CD, which allows you to change your interest rate once throughout the term of your CD.

How are CD rates determined?

A CD rate is determined by how long your CD matures, the interest rate the bank is willing to pay, and how much the bank is expected to earn with the money you plan to deposit.

Are CD rates guaranteed?

In most cases, a CD rate is fixed at whatever percentage was determined when the certificate of deposit was created. Not only are returns guaranteed, but CDs are also federally insured.

How often are CD interest rates compounded?

Usually, CD rates are compounded daily, but there are cases when they’re compounded monthly or even quarterly. The compounding rate is determined by the financial institution through which you have your CD.

How to figure out CD rates?

You can manually figure out your CD rate through a formula, but there are also several online resources that provide you with a CD Calculator so that you can quickly determine what you earn based on your rate.

What is the interest rate on a CD?

The interest rates for a CD range greatly, but the APY ranges anywhere from 2.80% to 3.35% and even higher. The longer your CD is, the higher the interest rate will be on your return.

What are current CD rates?

The current CD rates, on average, is around 0.90% for 1 year and 1.45% for 5 years. The rates range significantly based on the financial institution you use and some have rates reaching 3.00% or more.

What is APY in CD rates?

The APY or annual percentage yield means the same for CD rates as other forms of deposit accounts. The APY that blanks display gives you an accurate idea of much you may earn in a year through interest on your deposits.

What is the difference in CD rates compounded daily APY?

When compounded daily, the interest rates for a CD result in a higher yield. For example, a 5% daily interest rate would have an effective annual rate of 5.1267%

Finding the Best CD Rates

Most banks offer different CD rates based on varying factors. Some CD rates are higher based on your location and the amount of time you’ve set for your CD. In most cases, the longer your CD is the higher the interest rates will be. These are important questions we’ve answered on the best CD rates available.

Your Title Goes Here

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

What is the best 1-year CD rate?

Capital One Bank offers the best 1-year CD rate at an APY of 2.60%. Other benefits of opening a CD with Capital One Bank include the fact there’s no minimum deposit required.

What bank has the highest interest rate for a CD?

Popular Direct, PurePoint, and Connexus Credit Union all have the highest short-term and long-term CD rates, which start at a 2.80% and go up to 3.50% with a minimum deposit requirement of $5,000.

Which banks have the best CD rates?

Before choosing a bank, it’s important to understand the CD rates they offer. As of now, the best CD rates offered are from American Express High Yield, Ally High Yield, Synchrony Online CD, and Discover High Yield CD.

Who has the best CD rates?

Vio Bank, Citizens Access, PurePoint, and Capital One 360 offer the best cd rates currently with an APY ranging from 2.00% – 3.15% for most of them. Capital One 360 starts at 0.60% for its cd rates, but there is a minimum deposit requirement.

Which states have the highest CD rates?

Oregon, Tennessee, Nebraska have some of the highest short-term CD rates available, which start at 2.00%. Virginia, Maryland, and District of Columbia have the highest long-term CD rates.

What was the highest CD rate ever?

According to Bankrate, the highest CD rate ever was in 1984. During this time, a 5-year CD yield was as high as 12.06%. Some records say that rates were even higher in 1981 and were at 14 percent or even more.

What is a good CD rate?

On average, a CD rate is around 0.51%, which is significantly higher than the average interest rate for most savings accounts. Some of the best CD rates are as high as 2.55% and some even reach 4.00% depending on the length and minimum deposit.

What is the best 5-year CD rate?

Currently, Connexus Credit Union offers one of the best CD interest rates at 4.00% for 5-years. Citizens Access Bank is the next best at a rate of 3.15% for 5-years.

Who has the best IRA CD rates?

Currently, Connexus Credit Union has the best IRA CD rates, which start at 2.80% but can go up to 3.50% with a minimum deposit of $5,000. Other banks, such as Discover and Capital One, offer lower interest rates at lower minimum deposits.

What is the average CD rate?

As of now, the average CD rate across all years is 0.51%, which is significantly higher than the interest rate offered by most banks when it comes to opening a savings account.

What are CD rates at Wells Fargo?

As of now, the Wells Fargo cd rates are 1.30% for 9 months, 2.55% for 19 months, 2.60% for 39 months, and 2.65% for 58 months. The minimum deposit requirement for a Wells Fargo CD is $5,000.

Why are Bank of America CD rates so low?

Large financial institutions, such as Bank of America, usually have lower CD rates, but in return, they offer a great deal of convenience with their numerous locations and additional services.

Why are USAA CD rates so low?

USAA offers some of the lower CD rates available compared to many other financial institutions. It should be noted that the range for USAA CD rates are longer and shorter as well, and they can be anywhere from 30 days to seven years.

Who has the best short-term CD rates?

Synchrony Bank, Goldman Sachs, and Capital One Bank all have some of the best short-term CD rates available, which are at 1.00% APY, 0.60% APY and 2.60% APY respectively.

What is best rate of CD from Union Bank?

The best rate of CD from Union Bank is 18 – 23 months at an interest rate of 2.86% and APY of 2.90%. In order to get this rate, your CD must have a balance of at least $10,000.

What are the CD rates at Chase bank?

Chase standard CD rates are 0.01% for 12 months, 0.30% for 24 months, 0.50% for 48 months, and 0.45% for 120 months. Chase does offer a higher APY for CDs if the bearer has a checking account with Chase as well. Also check out the current Chase savings account interest rate.

What are the CD rates at Bank of America?

Bank of America is two CD types. The featured CD is for a 12-month term and has an APY of 0.07%. The standard CD term only requires a $1,000 minimum deposit. The APY ranges from 0.03% to 1.00%.

What are Ally CD rates?

Ally offers some of the highest CD rates available. 1-year terms have a 2.65% APY, 3-year terms offer a 2.60% APY and 5-year terms offer a 3.10% APY.

What is the CD rate at BB&T?

The CD rate at BB&T is 0.03% for a 3-month term, 0.05% for a 6-month term, 0.10% for a 1-year term, 0.20% for a 2-year term, 0.40% for a 3-year term, 0.65% for a 4-year term, and 1.00% for a 5-year term.

Changing CD Rates

Before investing in a CD, one of the most important things someone should do is evaluate the market and find out what the interest rates will be. You don’t want to get a CD right before the interest rates have another increase.

We’ve answered questions on what the current trends for CD rates are and whether they’re expected go up in the future.

Your Title Goes Here

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

How much will CD rates rise in 2019?

If the economy continues its current course, then the best rates for 1-year CDs could reach as high as 3.5 percent APY. In comparison, long-term CDs may remain around the current rate for a while longer.

Will CD rates go up soon?

Experts have recently reported that CD rates are expected to go up over in 2019 and 2020. The rate at which these rates go up and how frequently will be determined by various economic factors.

When will CD rates go up?

It is expected for CD rates to gradually increase in the future. The return you receive on your CDs is expected to rise in both 2019 and 2020 based on current trends in the market.

Will CD rates go up in 2018?

Throughout 2018, CD rates have and are expected to continue to increase in the future. Most market experts state that CD rates will rise in both 2019 and in 2020 based on the market.

Will CD rates go up if Fed raises rates?

Yes, when the Fed raises rates, the interest rates for banking accounts, such as savings and CDs are raised as well. There are other factors that determine the CD rate though, such as inflation, economic growth, and loan demand.

When do CD rates change?

There is no set time when CD rates change, but there are different factors that have an impact on it, such as the Federal Reserve Bank, Bank Influences, Inflation, Credit supply and demand, and much more.

Where are CD rates headed?

CD rates have been low for a while, but they are now starting to increase steadily. Short-term CD rates have been growing more quickly than long-term rates. Some experts suggest that it is favorable to choose a 12-month CD because of how short-term rates are continuing to grow.

What makes CD rates go up?

Many factors impact CD rates, but one of the most important is the Federal Reserve’s rates. When the Federal Reserve’s rate goes up, the CD rates for banks raise as well.

How high will CD rates go?

It’s difficult to determine the exact amount CD rates will reach, but some of the highest CD rates available are around 3.00% to 4.00% and these rates are expected to increase within the next few years.

What happens to CD rates when interest rates rise?

When the interest rate for the Federal Reserve rises, the rate for CDs rises as well. Other factors determine how much the CD rates rise, such as inflation and economic growth.

When will CD rates hit 5?

Currently, CD rates are reaching above 3.00%, but there is nothing that states the rates will reach 5% soon. The CD rates are expected to steadily increase throughout 2019 and until 2020.

Varying Types of CDs

While most CDs are pretty standard, where you choose the length of time your CD will be and the interest rate is determined based on that length, there are other types to choose from. Some CDs have a variable rate and there are even techniques to ladder your CDs in order to take advantage of changing rates in the future.

Take a look at the questions below that we’ve answered to give you a better understanding of the different CD rates available.

Your Title Goes Here

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

What is a bump rate CD?

A bump-up CD is a certificate of deposit that gives the bearer the ability to raise the interest rate paid on their account once. This CD allows a person to take advantage of growing interest rates.

How to ladder CD rates?

To build a CD later you should create a CD at staggering intervals, which are usually five CDs that go from one-year to five-years. After each CD ends, you then put it into a five-year CD.

What is a jumbo CD rate?

A jump CD Is a certificate of deposit that requires a minimum amount that is much larger than a standard CD. The requirement is usually set at $100,000. In return of the high minimum amount, the interest rate is usually higher. If you’re looking for higher returns then compare our Stash Invest vs Acorns review.

What is a variable rate CD?

A variable rate CD has an interest rate that changes based on varying factors determined by the bank. These CDs may either go below or above the rate established when the CD was opened.

What is a dividend rate on a CD?

Dividends are funds that are given to an investor based on the additional gains made by a CD. These funds are usually given to stockholders and are paid either annually or semi-annually.

How does a variable rate retirement CD work?

A variable rate retirement CD works through your CD rate changing based on factors determined by your financial institution. Through this method, your CD created for your retirement fund can earn more or less than if you were to use a fixed rate.

Why are CD rates worse than T-bill rates?

T-bill rates are currently lower than CD rates and they have only recently become close to CD rates after recent rate hikes. T-bills are state and local tax-exempt, which makes them more favorable in high-income tax states. This is why its good to diversify investments. Read more: How do I buy stock?

How to find the special CD rates?

In order to find special CD rates, search around for special deals offered by some banks, do comparison shopping before choosing a bank, and consider investing for a longer term since those have a better rate.

Jordan Beaumont

Jordan Beaumont

Financial Guru

Jordan's work focuses on helping people reach their financial goals so they can spend more time with family and friends and less time worrying about their budget. After finishing college with a degree in Accounting and Communication, he realized that these are the most important things in life and that people shouldn’t miss out because of money.