2006-12-04 01:24:05 · 4 answers · asked by aaaaasnow 1 in Business & Finance ➔ Investing
There is only a minor daily adjustment in the interest rates. The primary driver of interest rates is the Fed Funds rate (currently paused at 5.25%). The determination on whether the rate will stay the same, be hiked, or be cut is made monthly at the Fed meeting. Fluctuations in other rates are based upon expectations of what will occur at the next meeting as a result of recent market and economic action. Rate changes outside of .25% at these meetings is atypical.
Check out bankrate.com for the best rates:
http://www.bankrate.com/brm/rate/high_ratehome.asp?web=brm&prodtype=invest&product=15&sort=2
Currently, the best APY on a 12-mo CD is 5.45% at BankFirst, Sioux Falls, SD.
2006-12-05 03:41:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Look for a manager's special CD which is usually a 10-12 month deal at 4.5-5.0 percent depending.
2006-12-04 09:31:54 · answer #2 · answered by Your #1 fan 6 · 0⤊ 0⤋
Rates change quick. Last week 5.4% anywhere was the best. Internet has a search. All CD's are insured by FEDS if they are legit.
2006-12-04 22:07:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
no good rates at all. Have to get out of banks & into solid investing now.
2006-12-04 11:33:15 · answer #4 · answered by vegas_iwish 5 · 0⤊ 0⤋