Current CD Rates

Video Transcript

"This is Patrick Munro talking about current CD rates. As a Financial Advisor I see financial rates and terms changing in this ever changing financial landscape. Things used to be very secure for longer periods of time, but nowadays with geopolitical concerns and various other uneasiness in the world, we have what's called "volatility", therefore rates tend to go down in times of volatility. Ben Bernanke, of course, is the general individual in the government who takes care of rates and how they occur, and of course rates are currently trending at about a 3 1/2 percent mid-line rate across America. There are better rates on certificate of deposits available if you know where to look for them and the Internet is oftentimes a great place to start your search. You can go on to bankrate.com, that's b-a-n-k-r-a-t-e, all one word, bankrate.com, and it will bring you up the very highest money market and certificate of deposit rates in America. And then you can go to your financial professional to mention those companies and take advantage of those rates. This is Patrick Munro, Financial Advisor, talking about the best rates for certificates of deposit."