Highest CD Rates Info

Hello and welcome to Highest CD Rates Info. We believe that a certificate of deposit can be a highly stable, risk balancing addition to most people’s investment portfolios. Our site is dedicated to finding the highest CD rates that are currently being offered.

First, let’s discuss the basics of CD terminology:

Minimum Deposit — The “minimum deposit” is the minimum dollar amount that you must invest in the CD in order to be able to purchase the certificate of deposit. The minimum deposit can commonly range from $250 to $10,000. For Jumbo CDs, the minimum deposit is usually $100,000 or above.

Term — The “term” is the length of time that the certificate of deposit lasts. CDs can be found with terms as short as 3 months or as long as 10 years. While some people believe that long term CDs will give you a higher interest rate than short term CDs, that is not always true. In fact, there have been some short term promotional CD rates lately that are really nice — we will be discussing them in future articles.

CD interest rate — CD interest rate are the amount of interest that the bank (or other financial institution) pays to you for the use of your money. The majority of certificates of deposit are fixed interest rate CDs, meaning that you are essentially guaranteed to earn that rate of interest throughout the term of the CD.

Provisions for Withdrawal — Many, perhaps most, certificates of deposit provide for penalties if you need to withdraw your money before the end of the term. These penalties are sometimes significant, so it would make sense to ask about withdrawal penalties, and to make sure there are no extra fees associated with buying, owning, or withdrawing your money, before you invest.

We will attempt to help you find the best CD rates possible. Please check back with us often, as we will be posting articles frequently as we continue to look for the highest CD rates.