Finding The Best CD Rate

Where is the best place to get a good CD rate at present time?

By brojrs from Murray, KY

September 26, 20090 found this helpful

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September 26, 20090 found this helpful

Thanks foxrun41, I'll check that site out. I've got a small amount that I would like to invest for a couple of years. Jack

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September 26, 20090 found this helpful

Just in case: If you or a family member is in the military or is a US government employee, you can join Pentagon Federal and get very good rates. There are a few other groups that qualify, too. Go to to check. Good luck!

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September 27, 20090 found this helpful

Thanks straightface, I'll look there. Appreciate the help and info. Jack

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September 29, 20090 found this helpful is a start, but then check local credit unions and watch your paper for specials. A few months ago I got a 5 year CD at 3.6% while on bankrate they were paying around 3%.

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September 29, 20090 found this helpful

Bankrate is a great site as are your local banks and credit unions, call around and ask for the best rate. I recently renewed a CD and had my banker advise me to go with the shorter term, even though the rate was lower than the 2 or 3 year CD's as most financial "experts" are expecting the rates to increase in the next 12 to 18 months. So go with a 12 Month CD at 1.5% or better and hope for grater returns in the "near" future.

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September 30, 20090 found this helpful

Hi, Jack.

I'm no financial expert, but I'd highly recommend a credit union for just about everything. My hubby (an Army vet) and I are both member-owners at our local credit union, and since I tend to keep more in my savings than the minimum $5 like hubby does, I earn a whopping 7% APY. And that's just for the TrueSaver account at the Associate level! You don't even have to be military anymore, a lot of credit unions, even military ones, are welcoming folks from all walks of life.

When I was still with Huntington National Bank, the best rate I could get on a CD was 5% for a 12-month CD. Additionally, a savings account has no penalty for withdrawals and is accessible in case of unexpected need.

Hope this little anecdote helps... best to you! JustPlainJo, Ohio

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October 2, 20090 found this helpful

Thanks for all the good advice, I'm so grateful. Found local bank that gives a good rate on a checking account, but you use a debt card, and it's all online statements, etc. May give it a try.

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