Today’s Highest CD Bank Rates – Free Online Bank Rate Quotes
Posted on | February 25, 2010 | No Comments
Today’s highest CD Bank rates are between 1.5% and 1.7% for CDs maturing in one year. It is important to understand these rates can change on a daily basis so you will need to get free online bank rate quotes when you desire to make the investment. If this interest rate does not seem attractive to you then you may want to consider other investment vehicles.
Over the last few years we have seen CD Bank rates and money market account rates drop as the economy has struggled. If these interest rates are not attractive to you then you may want to consider putting your money into a local community bank checking account.
There are many local community banks throughout the country that are offering interest rates above 4% on a checking account. By doing your research you could find a community bank in your area who will offer you a rate above 5% if you are lucky. At the present time there are a few banks that are offering 5% or higher on the checking account.
It is very important to note that there are restrictions on these accounts. You are usually not allowed you to put more than $25,000 into the account. You will also have to make 10 transactions with an ATM or debit card each month to gain this high interest on the community bank checking account.
Author: Jeremy North
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