How to Find the Best CD Rates Online

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Find the best CD rates online by visiting the Web site of the brokerage, searching for independent Web sites that compare CDs and researching the prospectus of the potential CD. Understand that many Web sites will not offer full disclosure on a certificate of deposit with insight from a financial consultant in this free video on investments.

Part of the Video Series: Investment Tips & Financial Planning
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Video Transcript

Are you thinking about putting your money into a certificate of deposit and wondering where you might get the best yield? Hi this is Roger Groh at Groh Asset Management and today we're here to talk about how you can find out where are the best deals exist. One of the ways that you can do that is through the website of the bank or brokerage firm where you currently hold your money. Frequently there's a part of that website that will enable you to search their own CDs and then compare those rates to CDs at other firms. If you're looking for more independent websites, well you can do a search and just type in compare CD rates and up will come a number of third party websites that list a number of banks and products and then compare the rates of each. I'm not suggesting that there's full disclosure in those websites as there may not be and they may not tell you what the full description of that actual product is. So you need to be very careful about what you do with your money because you need to understand completely what you do with it before you make any investment. That involves looking at the prospectus and any third party company may or may not offer the prospectus directly to you. If you're a more sophisticated investor and you subscribe to Bloomberg, you can go on Bloomberg and search against CDs and a broad list of CDs will come up but again without full disclosure being tied to each of them you're expected to know what they are and expected to do your research prior to buying them. So you shop till you drop, it's worth the time and effort, go back through your own stock or brokerage firm first and do your search there. I'm Roger Groh with Groh Asset Management and I hope that helps.

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