High yield CD Rate and Savings account Rate - Link Roundup

Posted by admin
October 21, 2008
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If you have money just sitting in your low rate Checking account, try one of high yield saving account or CDs and let it grow in zero-risk savings accounts or money market account. If you are afraid interest rates may fall, it might be a good time to lock down with a CD.

Don’t forget that all banks listed here are FDIC insured and cover up to $250,000 until December 2009. After December 2009 FDIC insurance limit is revert back to $100,000. See more information here about FDIC Limits and strategy for more coverage.

Also, be sure to check bank rating and Bauer Financial rating of bank or Credit union before you invest money with those banks or credit unions.

Savings Accounts (Can Withdraw Anytime)

Certificate of Deposit CD - (Can’t Withdraw Anytime)
If you don’t mind keeping your money in the bank for a fix time period, CD (Certificate of Deposit) would give you a slightly better rate and rates will not change for that time period. However, upon maturity you will get a chance to extend the term at current rate.

Foreign Currency CDs
With the government printing a lot of money lately, fear of inflation is roaming around. You can put money in foreign currency CDs to protect yourself
- EverBank.com Foreign CDs (min $10000, protected by FDIC)

Don’t Miss:-Resources to search for the best rates:

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Banking, Investment, Money Savings

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