Help Your Savings Grow With CD's

By

daiquiri

Pentagon Federal Credit Union gives great interest rates (over 6% quite often). You can join Pentagon Federal by joining an orgnization for 1 year (costs $25 and you will make that up in interest in no time). Once you have a Pentagon Federal account you can add IRAs or CDs without having to renew that organization membership. All the info is on their website.

https://www.penfed.org/index.asp

By

daiquiri

oops

By Laurie from St. Charles, MO (Guest Post)

You might also look into moving your savings into PayPal, which is currently paying 5.04% and your money is avaialble immediately if needed. Also, ING Direct is paying similar interest rates, with the same availability.

By

Allison

Online bank savings accounts also have competitive interest rates. Usually the rates are just as good as CDs but it works like a regular savings account so there's no penalty if you have to take the money out early and you can put in any amount at any time. hsbcdirect.com is the one I have used for the past few years.

By Kim Ch (Guest Post)

CD's were a big help to me, I opened one whenever I could and had a string of them going. My passbook savings account was too easy to raid! so the CD's came in handy when I found a house to buy, they were the down payment! Great tip.