How to Find Current CD Rates

A CD is a great investment for anyone. Place a specific amount of money in the bank and let it mature at a fixed rate for a predetermined amount of time. During that time you cannot take this money out of the bank. Rates improve according to maturation times, so a six-month CD will get a lower rate than a ten-year CD. Find the most current CD rates at different banks before you invest.

Difficulty: Moderately Easy

Instructions

1. Visit your local bank. Banks typically have the day's CD rates posted for everyone to see. These rates normally change on a weekly basis, so it is a good idea to check frequently. If your bank does not post the rates, ask to speak with a banker.

2. Check your bank's website. Many banks offer the a wide range of services to online customers. You may be able to find the same CD rate information from the comfort and convenience of your own home.

3. Look at various bank rate websites. There are many websites that compare the current CD rates of various banks. This is a quick and simple way to narrow your search and find the top rates for your CD investment.

4. Consult a financial planner. A financial planner is an investment expert who researches the current rates for various investment opportunities. Financial planners may have partnerships with banks that could possibly get you a higher CD rate than advertised.

5. Ask your friends who have CDs. There are so many options available, and a trusted reference can be priceless.

Resources

• Check out Bankaholic to find CD rates.
• Visit Bankrate to research current CD rates.