Best CD Rates » CD interest rate

Short Term CDs

nittany — Fri, 06 Mar 2009 19:26:45 +0000

With CD interest rates being at an historic low, short term CDs are much more popular today than long term CDs. Many more people are following short term CD rates than long term CD rates. Both long term certificates of deposits and short term certificates of deposits rates are low, but we here at Best CD Rates see no reason to purchase long term CDs at this time. Short term CDs are the best buys right now.

What are Short Term CDs?

Short term CDs are certificates of deposits with timed deposit periods one year or shorter. While there is no clear delineation between a short term cd and a long term cd, I draw the line at 12 month CDs. If a certificate of deposit has a term great than 12 months, I would categorize it as a long term CD.

Every bank has different timed deposit periods for their short term CDs. However, 1 month CDs, 3 month CDs, 6 month CDs, 9 month CDs, and 12 month CDs are the most common periods for short term CDs.

Why Invest In Short Term CDs?

Many investors ask why you would buy a 6 month CD with 2% interest when you can buy a 36 month CD earning 3% interest. There are two reasons for why invest in short term CDs. The first reason to invest in short term CDs is that you need access to your money in the near term. If you purchase a 36 month CD, you will not be able to access your money without paying a withdrawal penalty for the 36 month term. However, if you invest in a 6 month CD you will be able to withdrawal your money within a much shorter period of time.

The second reason for buying short term CDs is that CD interest rates might be higher in 6 months. By buying a short term CD you can move your money into a higher interest CD in 6 months or take advantage of another investment opportunity at such time. With CD rates being at all time lows, locking into a long term CD at this time could be foolish. However, having said that, who knows whether CD rates will rise in the future.

When looking to invest in a short term CD, it is important to find the best CD rates for short term CDs. Also compare the short term CD rates of 6 month CDs versus, 9 month CDs versus 3 month CDs. Also, you have to compare bank CD rates because no two banks offer the same CD rates. Through comparing bank CD rates, you will find the best short term CD with the right interest rate and the rate length term. At this time I would check out GMAC CD rates, Wells Fargo CD rates, and your local CD rates. Sometime local CDs will have the best short term CD rates.

Citibank CD Rates

nittany — Fri, 31 Oct 2008 12:46:38 +0000

With the Citibank Wachovia acquisition in the news lately, we decided to explore the citibank cd rates. Citibank is one of the largest banks in the United States and many millions of Americans are already Citibank account holders. As such, many of you readers might already be buying Citibank CD’s.

Citibank 6 Month CD

As we reviewed the Citibank CD rates, the Citibank 6 month CD jumped out at me as one of the best 6 month CD rates I have seen. This 6 month CD currently has a CD interest rate of 3.92% with a high CD APY of 4.00%. This is one of the best cd rates for a 6 month CD.

Citibank Minimum Deposit

The Citibank minimum deposit is a very low $500. We love these bank CD’s with low minimum deposits to start investing in CDs. CD investing is a great way to begin building up your savings and the Citibank minimum deposit requirement is low enough that any one can start buying CD’s.

Citibank CD Rates

The other citibank cd rates vary from a 3 month CD with a 2.20% APY to a 60 month cd with a 4.00% APY. While we cannot predict whether CD interest rates will rise or fall, we believe that the best Citibank CD is the Citibank 6 month CD.

Citibank CD’s are FDIC insured up to $100,000 so in today’s troubled financial times a CD investing can be a great way to protect your money. We hope that this article on Citibank CD rates has been information. Go check out the 6 month Citibank CD.

Regions Bank CD Rates

nittany — Wed, 29 Oct 2008 18:40:38 +0000

Regions Bank might not be a household name to every American, but it is one of the largest banks in the United States. For any certificate of deposit investor, the Regions Bank CD rates are well known for being some of the highest cd rates in the country. This article will review two current cds that have particular great Regions Bank CD rates, the Regions Bank 35 day CD and the Regions Bank 125 day CD.

35 Day Regions Bank CD Rates

If you are looking for a short-term certificate of deposit, the Regions Bank 35 day CD offers some of the highest cd rates for this short term cd. This 1 month cd offers a 4.00% cd interest rate. For someone who is looking for the highest interest rates, but at the same time liquidity, this 1 month cd is a great option. The minimum deposit required to obtain these great Regions Bank CD rates is $2,500.

Regions Bank 125 Day CD

The Regions Bank 125 Day CD has a slightly longer term than the Regions Bank 35 day CD, but the interest rate is a little above 4.00% on this 4 month cd. If you can afford to tie up your money for a little longer than the 1 month cd, this 125 day cd is a great way to earn a higher certificate of deposit interest rate. Another advantage of this Regions Bank CD is that it only requires a minimum deposit of $500.

If you are looking for the highest cd rates, these Regions CD rates are a must see. For those of you not familiar with Regions Bank, it is headquartered in Alabama and has offices in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia. In these 16 states Regions Banks has over 1,900 Regions Bank branches. If you are from South Eastern United States, you should have no problem locating a Regions Bank branch. So head on over, and check out the Regions Bank CD rates.

Wachovia CD Rates

nittany — Mon, 06 Oct 2008 11:48:36 +0000

Wachovia Bank might be going through some rough times, but they are offering some great cd rates. Every month Wachovia has two featured CDs. This article will focus on these featured CDs and their Wachovia CD rates.

The two Wachovia CDs featured this month are its 7 month CD and its 12 month CD. Let’s start with the Wachovia 12 month CD because I feel that it has the best CD rates rates at Wachovia right now.

Wachovia 12 month CD

The Wachovia 12 month CD has a CD interest rate of 4.07% and an APY of 4.15%. These Wachovia CD rates are excellent if you are looking to save you money for a relatively short period of time.

Wachovia 7 month CD

The next featured Wachovia Bank CD is its 7 month CD. The Wachovia 7 month CD has a CD interest rate of 3.68% and a high CD APY of 3.75%. For the extra 5 months of the CD term, I prefer the Wachovia 12 month CD vs the 7 month CD. However, if you need your money prior to 12 months, then the Wachovia 7 month CD might be worth checking out.

Wachovia CD Rates Recap

Compare these best CD rates to an ING Direct savings account. You can’t earn 4.15% interest in an ING Direct savings account. Therefore, while there is tons of discussions about these high interest savings accounts, depositing your money into a 12 month CD at Wachovia Bank.

Wachovia CD rates are always very competitive. If you like doing your banking with a large bank, you can’t go wrong with a Wachovia certificate of deposit. Stay tuned to Best CD Rates for more great CDs.