Are interest rates on the rise for CDs or falling? I want to know what a good rate is and what would be above/below average. Because I want to know whether to open a CD with my savings now or at the end of summer (end of Aug)
2006-06-23 08:14:07 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
A couple of good places to look for this information.
#1. I use www.bankrate.com
#2. I also check my newspaper business section. They usually have a list of all the best rates that they know of.
I hope that helps!
2006-06-23 08:43:08 · answer #1 · answered by Sugarbear 3 · 2⤊ 0⤋
rates have been on the rise even a 3 month cd is better than a savings so if the rates keep going up you can get a better rate in 3 months
2006-06-23 08:26:36 · answer #2 · answered by sunshine 3 · 0⤊ 0⤋
To make that determination you best research can be done at the following site: bankrate.com
Click on CDs and you can guide yourself to a daily updated review of what institutions offer the best rates right now, what the rates are, and you can calculate anticipated earnings. I've used it and have been very satisfied.
2006-06-23 08:42:39 · answer #3 · answered by nothing 6 · 0⤊ 0⤋
ING Direct has 3 Cd's ranging from 12,18, or 24 mths all of them paying 5.25%APY also the savings account there is paying 4.25% APY if intrested i can send u a link
2006-06-23 13:12:11 · answer #4 · answered by Jd 3 · 0⤊ 0⤋
obtain about the same as the ten year bond!!
2006-06-23 08:18:42 · answer #5 · answered by Conservative 5 · 0⤊ 0⤋