High interest CD rates

If you invest your money in the stock market, there is no such thing as a sure thing. All stocks could collapse at any time. Even the whole market crashes. It is therefore necessary to balance investing in the stock market investment for something that is basically guaranteed to make money. This thing is a certificate of deposit.


CDs are not absolutely guaranteed because the bank is also not at any time, but they are absolutely guaranteed not to lose money because of all the funds are FDIC insured (or NCUA when you open a credit union). If the bank chooses wisely, you should be 99% confident that you will also get resources to the agreed interest at the end of the CD term. It's not something you can get when investing in stocks.


The trade-off is that the return on investment is lower. The lower risk comes lower returns. This does not mean that it will only accept CD rates, leading the way. You can try to find high interest CD rates. The first step is to compare the prices of online banking has to offer. This can easily be done online rate comparison site.


This is the next step after that is to look at local banks offer. Local banks offer promotions from time to time. Check your local newspaper each promotion can offer CD. Finally, look at the credit card companies. Many of them are now banking products and many of them offer a higher discount rate in order to attract new customers.