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Best Online CD Rates
- By Corwin Swift
- Published 01/25/2009
- Money and Finances
- Unrated
Corwin Swift
Corwin has been in the banking industry for about 10-years. He likes to share his knowledge about high CD Rates and the economony that affects them. Please visit his Best CD Rates Blog
View all articles by Corwin Swift
Finding the best online CD Rates can be a daunting task. A few well thought out searches can return some of the best CD interest rates in the country. Just pick your favorite search engine and try a few of these.
First indentify the type of online CD you want. Do you need the best CD rates for amounts less than $50,000? Are you looking for higher interest rates for your IRA CD? Do you need rates for Jumbo CDs? If you go to Google and type "CD Rates", the top pages will give you access to high online CD rates available for amounts as low as $500.00 You will see a site for bankaholic and bankrate at number one and two. You may see a site for jumbocdinvestments in number 10. The top three positions are pretty stable; the remainder can change quite often. Each of those pages gives you access to high interest rate CDs.
If you are looking for the best IRA CD rates, try typing "best IRA CD Rates". This time bankrate and jumbocdinvestments have the top spots. For Jumbo CDs (usually CDs that are greater than $100,000), you can try "Jumbo CD Rates". Bankrate and jumbocdinvestments once again have the top places. .
Between
those sites, you should find the best online CD Rates. If you aren’t comfortable working with online banks and companies, you can always print out the offers you find and see if your local bank or credit union will match or come close to the online rates.
As of 10/03/08, the FDIC increased the insurance limit to $250,000 at each bank you have deposits with. Your savings, checking, money market accounts, and CDs are added together and considered in aggregate. The increased limit is only temporary, however. It is set to expire on 12/31/09 unless Congress makes it permanent or extends it. IRA, Joint, and Revocable Trust accounts are considered separately for insurance coverage. So it is possible to have quite a bit of money insured at one bank. Those online CD rates and searches can sure come in handy at that point. Since the Congress hasn't made the change permanent, however, be careful of your CD terms.
Visit Corwin's Jumbo CD Rates page or the Top CD RatesBlog.
An article on Rate Listing Services.
First indentify the type of online CD you want. Do you need the best CD rates for amounts less than $50,000? Are you looking for higher interest rates for your IRA CD? Do you need rates for Jumbo CDs? If you go to Google and type "CD Rates", the top pages will give you access to high online CD rates available for amounts as low as $500.00 You will see a site for bankaholic and bankrate at number one and two. You may see a site for jumbocdinvestments in number 10. The top three positions are pretty stable; the remainder can change quite often. Each of those pages gives you access to high interest rate CDs.
If you are looking for the best IRA CD rates, try typing "best IRA CD Rates". This time bankrate and jumbocdinvestments have the top spots. For Jumbo CDs (usually CDs that are greater than $100,000), you can try "Jumbo CD Rates". Bankrate and jumbocdinvestments once again have the top places. .
Between
As of 10/03/08, the FDIC increased the insurance limit to $250,000 at each bank you have deposits with. Your savings, checking, money market accounts, and CDs are added together and considered in aggregate. The increased limit is only temporary, however. It is set to expire on 12/31/09 unless Congress makes it permanent or extends it. IRA, Joint, and Revocable Trust accounts are considered separately for insurance coverage. So it is possible to have quite a bit of money insured at one bank. Those online CD rates and searches can sure come in handy at that point. Since the Congress hasn't made the change permanent, however, be careful of your CD terms.
Visit Corwin's Jumbo CD Rates page or the Top CD RatesBlog.
An article on Rate Listing Services.