How to Find the Highest CD Interest Rates

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Finding the highest CD, or certificate of deposit interest rates requires lots of research into brokerage firms and banks. Ask about different types of CDs and whether rates are going up or down before making an investment with tips from an investment portfolio manager in this free video on investing and personal finance.

Part of the Video Series: Investing & Retirement Funds
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Video Transcript

So, how to find the highest CD interest rates. Well, interest rates as you're probably aware, and different notes and instruments that make up CD's change every day, so really, to find the highest rate do some first, some investigation, you know; look at different banks. See what they have to offer. Also, look at different investment or brokerage houses; see what they have to offer. And also, inquire as to whether or not rates are going up or down. You may know, but if rates are headed down then you know that you might want to act faster than slower to grab hold of some of the better rates. If rates are going up it may actually behoove you just to to wait a little bit, and and again, keep doing your research and watch till' the rates get to a level where you feel it's acceptable to start investing your money. So again, really finding the best rate on a CD is all about research. It's all about the investigation and the time you put into it. Another way to look for interest rates apart from just going around physically to banks, brokerage house; look online and see what options are available there, because you can buy CD's independently from comfort of your home on your computer, so see what rates are available there. Sometimes, there may be lower over overhead with a a virtual bank or or a a bank that's on the Internet, and you may be able to find a good quality CD that is of a little higher rate than others you might find, but again, it's all about research and the time you put into looking for the best rate possible.

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