I found out that on larger amounts of money, CD Rates can be negotiated. They have a margin they can work with. They don't tell you this.
I had two CD's coming due out of state and on the due date got the new renewal rate and shopped it locally. Negotiated with a local institution, then called the other institution back while in their office telling them I was going to redeem the CD unless they could meet the rate I could get locally. They did say they could increase the quoted renewal rate, but they could not match the rate quote I got, they have a certain margin to work with.
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