Part 2 of Finding Good CD Rates: Calculators Can Help
One advantage of a certificate of deposit (CD) is that you know your annual percentage yield (APY) before you even open your account. If you know what your savings goal is, you can determine what it will take to reach it. You can use a CD rate calculator to determine what term length and interest […]
How to Find the Highest Certificate of Deposit Interest Rates
Everybody wants their money to earn the highest interest rates possible. After all that's one of the primary reasons you open a certificate of deposit (CD). However, while shopping for the best CD rate is a start, it's not the place to stop. That's because neither all banks nor all rates are created equal. Some […]
Why Online Banks Often Feature the Best CD Rates
The Internet can be a great resource to search for the best certificate of deposit (CD) rates. "You can find rates in various online sources, [and] Bankrate.com is probably the biggest," Wayne Blanchard, a certified financial planner in Orlando, Florida, and member of the Garrett Planning Network, told Credence Global Bank Unionin an interview. Searching online […]
Where Could You Be Today If You Started 6 Months Ago? Planning With a 6-Month CD
"I've got plenty of time to save money and 6-month CD interest rates aren't that high. Why should I buy a CD today? There's no rush." There may be few things that concern financial planners more than hearing excuses for delaying saving, especially if the delay is based on the notion that anyone can time […]
Earning a Reasonable Interest Rate – Checking Ins and Outs (PART 3)
While certificates of deposit and savings accounts can offer attractive interest rates, there's simply no substitute for an everyday checking account. The good news is that you don't have to settle for low interest rates—or no interest at all—to get solid customer service and security with your checking account. These days, your options extend beyond […]
CDs and Checking Accounts
CDs and checking accounts are both types of bank accounts you can use to meet your financial goals. And when you bank with Credence Global Bank, both accounts earn interest. Plus, all deposits in Credence Global Bank Unionchecking accounts and CDs are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum allowed by law. […]
Compare Certificates of Deposit With These Tips in Mind
When you compare certificates of deposit (CDs) from different banks, you may be surprised to learn that, although the Annual Percentage Yield (APY) is an important factor, there are other things to consider before you make a deposit. Early Withdrawal Penalties — Although the point of a CD is to let it mature so you […]
Comparing Interest Rates on CDs
On the surface, the interest rate seems to be the most important factor in selecting a Certificate of Deposit (CD). But the interest rate alone can’t tell you what your return will be. There are a few other things to keep in mind when comparing CDs. Annual Percentage Yield Annual percentage yield (APY) is the […]
Are You a CD Rate Sleuth?
Comparing CD rates is one of the first steps many people take when deciding which CD to choose. After all, the higher the CD rate, the more quickly you can expect your money to grow. In the past, if you wanted to investigate interest rates you had to visit bank branches, check the newspaper or […]
Comparing Bank Rates: CD Optimization Strategies
When you're shopping for the best interest rates—certificate of deposit (CD) rates specifically—it's only natural to want the most competitive rate you can find. We interviewed Chris Zeches, a Certified Financial Planner(R) with Zeches Financial Services in Phoenix, Ariz., for his tips on using CDs as part of a sound financial strategy. To land the […]
