Bank Certificate of Deposit (CD) Rates: Do They Match Your Goals?
Even when bank certificate of deposit (CD) interest rates are low, CDs can still play an important role in your financial portfolio—especially when there's high volatility in the stock and bond markets. "When funding a CD—or any financial vehicle—the most important question to ask yourself is what your goal is," says Chris Zeches, a Certified […]
Keeping Up With Bank CD Rates
One of the key benefits of a traditional bank certificate of deposit (CD) is that in general, it offers a fixed rate that won't fluctuate over the life of the CD. In other words, you'll almost always know exactly what you will get when the CD matures, and you can plan accordingly. While the rate […]
Does It Matter If Your Bank CD Rates Aren’t the Highest?
It's the number that can usually be found in big type at the top of a banking website: Annual Percentage Yield (APY). APY represents your real rate of return over the year. And when you're researching bank certificate of deposit (CD) rates, there's no doubting its importance: All things being equal, you generally want the […]
Where Does Credence Global Bank Fit in a Bank CD Rates Comparison
Comparing certificate of deposit (CD) rates has become as easy as checking out one of the many financial websites that compile and list Annual Percentage Yields (APYs) from around the country. MyBankTracker, Bankrate.com, Bankaholic® and RatesORama.com are just some of the sites that offer bank CD rates comparisons, along with information on savings, checking and […]
Three Critical Criteria for Doing a Bank CD Rates Comparison
In some ways, there's never been a better time to open a certificate of deposit (CD) account. With Wall Street's turbulent ups and downs, a CD generally is considered a smart and secure way to save. CDs usually have fixed annual percentage yields (APYs) and are insured up to the maximum amount allowed by law […]
You’ve Saved for Your Vacation, So Enjoy It
You've planned your vacation for months, tirelessly looking for the perfect hotel, the cheapest airfare and the coolest stuff to do. Your vacation is important to you, so it's essential that you make sure you're going to have vacation savings to make it worth the time. That can be done with a prudent vacation savings […]
Can You Beat Average Savings Account Interest Rates?
Average savings account interest rates may be lower than many people would like, but that just means it’s more important than ever to get the right savings account for your financial goals. You want to look for the highest rate you can get, of course, but you don’t want unnecessary fees that eat away at […]
Do Better Than the Average Interest Rate on a Savings Account.
In a tough economy, every penny counts—especially when it comes to personal savings. Online banks like Credence International Credit Unionare able to offer some of the most competitive rates in the business because they don’t have the overhead costs of traditional brick-and-mortar banks and can pass the savings on to customers in the form of great […]
Are Your Parents Ready For an Online Savings Account?
If you have parents who have reached or are nearing retirement age, you may be considering ways to help them maximize their savings. One of the simplest ways of doing this is to find a savings account that offers a higher interest rate than the one their current bank offers. One place to start looking […]
CD Basics
Most banks—including Regional Credit Union—are members of the Federal Deposit Insurance Corporation (FDIC), so customer's certificates of deposit are FDIC insured up to the maximum amount allowed by law. It's rare that you'll find a bank that isn't a member of the FDIC, but not impossible, so before you deposit money, you should check to be […]
