i need to know who i should talk to and where should i go?
2007-01-19 06:37:15 · 5 answers · asked by kcbooboo6789 2 in Business & Finance ➔ Investing
Just go to your local bank and they can tell you the interest rates and open a CD for you at that time if you wish.
2007-01-19 06:42:29 · answer #1 · answered by smile4u 5 · 1⤊ 1⤋
I invested in a 13 month CD with my bank about two years ago. It was fine. I have also noticed that there are on-line banks that right now are offering savings accounts with a 5% rate. That is pretty competitive with any CD rate I have found. Plus you can take the money out whenever you want at no penalty. I put my $5000 from my CD into a savings account at Emigrant direct. Very easy and you can access your money online. It is also FDIC insured.
2007-01-19 14:55:13 · answer #2 · answered by en tu cabeza 4 · 0⤊ 1⤋
Usually people talk to their banks about investing in a CD. Now there are much more options. Internet banks usually offer higher returns on CD than those offered by local banks. Before open a CD account, you need to find out whether the CD offered is FDIC insured. You also need to figure out how long you can have your money tied up in the CD. If you withdraw money from your CD account before it matures ( before the term ends), you usually have to pay a penalty.
Follow the link below, you can learn more about CD and find the highest yield CD for a specific term you have in mind.
http://www.bankrate.com/brm/rate/dep_home.asp
2007-01-19 14:48:26 · answer #3 · answered by zhifa 2 · 0⤊ 1⤋
You go to the bank and ask them that you want to invest in CD. I would rather go to the credit unions (ex. Golden1 Credit Union http://www.golden1.com ) because they pay you higher dividend than banks!
2007-01-19 18:03:36 · answer #4 · answered by Young and Famous 3 · 0⤊ 0⤋
Talk to your bank
2007-01-19 17:33:34 · answer #5 · answered by Anonymous · 0⤊ 1⤋