What about for other lengths of time?
(1,2,3,10 years)
2006-12-08 06:14:32 · 5 answers · asked by grOss 1 in Business & Finance ➔ Investing
You can also be creative and get more than the advertised interest rate. All you have to do is open your CD's over time (that's called "laddering"). Here's how it works:
http://financialbasics.blogspot.com/2006/11/how-to-get-more-than-safety-with.html
Hope that helped
2006-12-08 08:42:57 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The average interest rate for a 5 yr CD is 4.70%.
2006-12-08 16:10:59 · answer #2 · answered by sis79 2 · 0⤊ 0⤋
i just bought a 2.5 year CD for 5-ish%. i'd say that's a decent rate. for a 5 year it should be a little higher than that, maybe.
look at online banks and stuff like ING, GMAC, etc. also check metlife.
2006-12-08 21:55:58 · answer #3 · answered by starfishblues 4 · 0⤊ 0⤋
I just cashed in a 9 month one for 9%.
The banks and credit unions right now around me are offering 5% for 2 years.
2006-12-08 14:23:33 · answer #4 · answered by Kitty 6 · 0⤊ 0⤋
20.5%
2006-12-08 14:21:26 · answer #5 · answered by Master_of_my_own_domain 4 · 0⤊ 0⤋