The Best CD Rates
You don't have to be Warren Buffett to know that you should always be on the lookout for the best deals when it comes to finding a place to put your money. The trouble is that most banks that pay low-interest rates don't advertise the fact. On the other hand, if you really are serious about getting the best return on your money, you are probably looking out for not only the best interest rates paid, but where and how they are paid. This means finding instruments such as CDs, which often pay the best as well as individual banks who offer them for your portfolio. We have done the work for you by locating the best rates as well as the banks who offer them.
Capital One is one of the best banks for CDs as well as other financial instruments. Their CD rates start at 2.70 percent, one of the best in the industry. This is the good news. Just as is the case with any CD, you should start by deciding how much money you want to tie up, and for how long. Besides this, there isn't much complicated about CD investing, since their interest rates paid are just about the only difference between the banks. Perhaps this is why Capital One's current advertising tagline is "What's in your wallet?" If your answer is money, you could be in line to earn great interest with them.
Want to get paid a little more? Try Goldman Sachs Bank USA, which pays 2.75 for an annual yield. Just as is the case with other banks, Goldman Sachs pays their interest on maturity, which is carefully spelled out in their terms. That is one thing that is common with all of these banks, that everything is so carefully spelled out that you really can't miss. The thing you have to be most careful about is that you don't commit money that you think you might need before the maturity dates, in which case you will be walloped with interest charges and penalties.
If you happen to be a government employee, one of the best credit unions to offer high-interest rates is Pentagon Federal Credit Union, at 2.71 percent. There are, of course, a lot of benefits to working for the government, one of which is the excellent CD rates as well as other services of this institution. Fortunately, besides the limitations on membership, there are few other requirements to benefit from their services. Nearly all of the other requirements to have an account with the Pentagon Federal Credit Union are the same as others.
If there is a benefit to the current economic woes, it's the fact that banks and other financial institutions are eager to compete for your business. With these excellent CD rates, you'll be able to get the most from your money. Check out the websites from the banks mentioned above to learn more.