Certificate Deposit Interest Rate

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Shopping Around to find the best Certificate Deposit Interest

We all want to make the maximum amount of money with our resources as we possibly can. That is why you would like to get the best certificate deposit interest rate that you can. Below are a few ways you can make sure that the actual certificate deposit interest you currently have in place is in fact the best you can do.

To begin with, check your current certification deposit interest rate. Check into the current duration about each certificate deposit you maintain. There are 2 things you may be able to carry out in order to command a better certificate deposit interest rate without ever seeking outside your current financial institution. First, your organization may have tiered interest rates based on the amount of the certification deposit. If that is the case, you may realize a higher Compact disc interest rate if you mix two or more of your present certificate deposits directly into one. Another potential way is to extend the time for the rate to become applied. What would happen if the certificate down payment rolled over every two years rather than 18 months In some cases it might mean a higher document deposit interest rate. Take a seat with your banker and find out just what you can do to maximise the certificate deposit interest rate on what you currently have invested.

Of course, if you’re getting the best interest fee that you can from your existing institution, it is a good option to shop around with other banks and see whatever they can do for you. Utilize the current structure since your model and go around to other banks and also compare what they can do for you based on that which you have in place. Then, ask them the same Questions that you asked your own banker about restructuring the assets. You may find one more bank that is ready to work with you so that your CD rate of interest will be increased.

In case you wish to move your own certificates to another establishment, you will need to keep in mind financial regulations. With a little fortune, you will be able to move your own certificates over because they come up for rollover and not incur virtually any penalties. However, check and see if early on withdrawal would result in a smaller loss than leaving them with your current institution, and perform what is in your finest financial interests.

Comments: 34

  1. Brett January 31, 2013 at 1:17 am Reply

    The rate of interest for the account is 3.20% by having an annual percentage yield of three.25%. We’ll pay this rate until first maturity.

    It was within my truth in Savings Disclosure for any Compact disc account I simply opened up. Can someone break lower the rate of interest yield and just how it’ll effect my investment?

  2. Porter March 1, 2013 at 12:07 am Reply

    MY Cd automatically renews I want to add more money to it now. If I do does the new money start earning interest from the point i put it in so my cd will be getting the interest at different times at different end dates will it have different interest rates? Is it even possible to add more money to a cd that is already opened? Also it wouldn’t void my first entry and make it start over would it? I don’t know much about CD’s please someone let me know.

  3. Migdalia April 3, 2013 at 4:06 am Reply

    Andrew thinks he has a good thing going. He invests $8,000 with the firm Dewey, Cheatham, and Howe, purchasing a CD (certificate of deposit) that after 10 years will be worth $9,600. The trouble is, Andrew did not consult his investment advisor before putting his money down, and this sneaky company has locked him into an investment that pays simple interest, not compound interest, on his principal.

    What percent is the company’s yearly interest rate? Round to the nearest whole number and do not include units in your answer.

  4. Annis April 11, 2013 at 1:22 am Reply

    Suppose you have $8000 to invest in a CD (certificate of deposit). Find the amount your $8000 will accumulate to in 5 years. The interest rate is 4.88% and the APY is 5%. It’s compounded monthly. So what formula do i use for this problem and how exactly do i put in the values?

  5. Forest April 17, 2013 at 8:22 am Reply

    Andrew thinks he has a good thing going. He invests $8,000 with the firm Dewey, Cheatham, and Howe, purchasing a CD (certificate of deposit) that after 10 years will be worth $9,600. The trouble is, Andrew did not consult his investment advisor before putting his money down, and this sneaky company has locked him into an investment that pays simple interest, not compound interest, on his principal.

    What percent is the company’s yearly interest rate? (Please only round to the nearest whole number) 🙂

  6. Vaughn June 19, 2013 at 4:59 am Reply

    Everywhere I look, whether it be Certificates of Deposit or Money Market, the interest rates range from less than 1 percent to around 2 percent.

    Isn’t there anywhere I can put money to get like 5-12 percent interest or somewhere in that range?

    I know I’ve heard of interest rates higher than 3 percent. Where can I find them? Or are they all absent due to the state of the economy?

  7. Ginette June 21, 2013 at 11:10 pm Reply

    My plan is to get 3 credit cards with a $500 limit and buy a 6 month CD(certificate of deposit) while making minimum payments. And after the 6 months i can just pay it off with the amount i get back along with the interest rate. I’m only 18, so please feel free to explain issues, problems or any concerns with this idea.

  8. Eddie June 28, 2013 at 6:20 am Reply

    If they want to make depositing money in saving accounts an unattracive choice then that’s a lousy policy , because the other choices are risky . Besides , this policy didn’t have much effect on the falling stock markets . The Fed only in few months reduced the interest rate from over 4 percent to 1.5 percent . Isn’t it better to fix the rate and make the people choose how they should deal with their money ?

  9. Micah July 28, 2013 at 9:49 am Reply

    A woman plans to place a single sum in a certificate of deposit account with a guaranteed interest rate of 6 ¼%
    for 5 yrs. How much should she deposit if she wants the account to be worth $25,000 at the end of 5-yr period?

  10. Karri September 19, 2013 at 1:51 pm Reply

    Mary invests $7500 in a certificate of deposit at the Lombard Bank. The simple interest rate is 7.2%. How much interest will she have earned at the end of three years?

  11. Merrill October 12, 2013 at 9:36 am Reply

    What are the highest interest rates for savings and fixed deposit and in which bank? Which country? Can foreigner open accounts in these banks?

  12. Wilbert October 31, 2013 at 10:10 am Reply

    zoe thinks he has a good thing going. He invests $8,000 with the firm dright , Cheatham, and Howe, purchasing a CD (certificate of deposit) that after 10 years will be worth $9,600. The trouble is, Andrew did not consult his investment advisor before putting his money down, and this sneaky company has locked him into an investment that pays simple interest, not compound interest, on his principal.

    What percent is the company’s yearly interest rate? Round to the nearest whole number

  13. Ed December 23, 2013 at 2:52 am Reply

    Charlotte is investing for the first time. She has chosen to invest $3200 in a certificate of deposit for one year. What simple interest rate is required if she wants to earn more than $192 in interest?

    George and Alicia from the transportation services department are delivering several new computer desks to faculty offices using the college elevator. The elevator has a maximum capacity of 1090 pounds. Alicia weighs 135 pounds and George weighs 165 pounds. Each computer desk weighs 79 Pounds. How many computer desks and Alicia and George place on the elevator and then safely ride with the computer desks up to the next floor?

  14. Alvaro January 5, 2014 at 12:54 am Reply

    I read somewhere that a certificate of deposit can help your credit score. What is the purpose of purchasing a CD for 30 days? I have considered purchasing one for my son’s college fund, but for years not days and can this help my credit?

  15. Cyrus February 5, 2014 at 1:29 pm Reply

    My husband and I are looking for where we can get the best interest rates on our offshore accounts.

  16. Joellen February 13, 2014 at 1:46 pm Reply

    They claim that it has an effective annual yield of 6.17%.

    a) A CD of this type was purchased for 1000.Compute its value at the end of 1 year and at the end of 5 years.

    b) What do you think effective annual yield means?

    c) This same bank advertises that its Access Account has an interest rate of 3.20%, compounded daily.What is the effective annual yield of this account?Explain how yo get that?

    10 points
    need help please

  17. Franklin February 21, 2014 at 11:49 pm Reply

    A deposit of $120 earned $14.40 interest in 2 years. What was the rate of interest? I’m bad at math…
    Will pick best answer! Please need help!
    Thanks alot!

  18. Cassaundra February 22, 2014 at 3:56 am Reply

    Where to find standard rates on different lengths. ie 12month 36month.

    How to know when to bump up your rate.

  19. Vanesa February 22, 2014 at 5:37 am Reply

    My family just moved out of our previous house and into a new one about a week ago. We were living in the previous house for four years and in the landlord’s lease it stated that she would pay interest after living in the house for over a year. Now she’s saying that because Virginia law states that if the rate is low, she doesn’t have to pay the interest. As of current date, does Virginia law actually state that or does she still have to pay no matter how low the rate is?

  20. Virgie February 22, 2014 at 5:54 am Reply

    for instance, if i deposit $10,000 in a GIC investment, is there any chance of being offered a high yield or interest like 4% just for ONE year? Most of the banks only pay 1 or 2% interest just for one year so at the end of the day i only make like $200 for the whole year out of this.

  21. Rusty February 22, 2014 at 6:09 am Reply

    I’m 16 and I want to open a savings account. So far I’ve talked to Bank of America. They offered .10% APY and $25 minimum. I want to start saving up for college and after college life.
    Is this the best offer I can get? I want higher APY, like at least 4%. And minimum 12 months, so I can start using it in college. And possibly, start paying off student loans. I’m going to be a Junior this fall, and I want to be prepared.

  22. Danna February 23, 2014 at 12:13 am Reply

    if obligations interest rate is lower then bank deposit’s interest rate then which 1 to choose?

  23. Tamie March 7, 2014 at 5:16 pm Reply

    I have heard about CD’s before and I think they are called
    certificates of deposit, but I do not know that much about them..
    So i have a few questions about it and i hope someone can help me..

    Do CD’s usually have higher interest rates than a normal savings account?

    When you open a CD, thats it, you cant put anymore money into it?

    Please explain Cd’s to me. it will be greatly appereciated.

  24. Shalon March 9, 2014 at 4:54 pm Reply

    where Can I get highest rate of interest on .fixed deposit

  25. Chris March 15, 2014 at 1:10 am Reply

    Traditionally we all believed that all banks in India provide (more a less) same rate of interest on Fix deposits and saving A/cs.
    But recently i have noticed ICICI bank is offering 9.5% p.a. rate of interest for a fix deposit for 590 days, and interest of 9 % p.a. for a deposit for 390 days. All interest rates are compounded quarterly.

    Whereas other banks give interest of 6-6.5% p.a. for similar period. How can there be so much of difference?

    Is there anything hidden in these? Can anyone please explain it?

  26. Roger March 15, 2014 at 1:11 am Reply

    If Fed’s cut rate by 1/4 today, what effect will that have on the interest rate my Tennessee credit union offers on Certificates of Deposit ( Cd’s ) ? They are offering 3.50 % on $ 1,000 minimum deposit on a 12 month CD…..that offer ends the end of the day April 30, 2008 and I am thinking about puttin $ 5,000 there.

  27. Maragret March 15, 2014 at 1:11 am Reply

    so why not juz put in the saving account (high interest ones) ? and how come i heard about mature or not mature about the cd. More details would be appreciate

  28. Faustina March 19, 2014 at 5:16 pm Reply

    List me all the Interest Rates offered by all the banks in Singapore (Standard Chartered, DBS, OCBC, OUB, etc etc) with regards to basic deposit and savings account. Or you have any risk-free highest interest rates for lump sum deposits. Singapore only!

  29. Chi March 19, 2014 at 5:17 pm Reply

    I am exploring the idea of opening a cd. I have seen that many banks ask for a minimum deposit of $1,000 to do so.

    How does it then work? If I open a 12 month cd with the minimum of $1,000, and the interest rate is %4.25, what am I looking at financially overall?

    What are the benefits of doing this, and are there any downfalls?

  30. Jill March 19, 2014 at 5:17 pm Reply

    If I were going to throw my money in a bank right now or find a solid CD out there, what interest can I expect to see over a year?

  31. Lynnette March 25, 2014 at 5:15 pm Reply

    Say I had a CD with a dividend rate of 5%, with $100,000 invested in it.

    Assuming the money was paid to another account and not accrued to the certificate, does this mean I would be paid $5000 every month or every year?

  32. Raelene May 28, 2014 at 3:33 pm Reply

    when is the best time to get a certificate deposit??

  33. Blaine June 10, 2014 at 6:34 pm Reply

    Are there any interesting investment opportunities in India for NRIs. The recent NRE Fixed Deposits look very good. Read the link on http://insight.banyanfa.com/?p=123 posted by Banyan Financial Advisors http://www.banyanfa.com

  34. Ethan June 10, 2014 at 6:34 pm Reply

    If i deposit USD 5000 for a 6 month period on a fixed deposit and is the interest rates are

    Motnhly 19.65%
    AER % 21.52
    Maturity 21.50%
    AER % 21.50

    What is the interest amount i receive in the end of two years

    Please show the workings

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