Historically, CD rates increase as the U.S. Treasury’s interest rates increase, and vice versa. As of April 2010, the U.S. Treasury’s interest rates hit their highest since 2008. For CD rates, this is positive news.
Other options for investing include mutual funds, money market accounts, stocks, and bonds. Certificate of deposits often have the highest return for the smallest risk.
Be prepared to have your money locked up for the entire length of the term. CDs are fixed term, meaning your bank can assess fees if you need to access your money before the term is over. Be careful not to invest money you may need in the near future, because accessing it early could cost you a good chunk of the interest you’ve accrued, leaving you with just your principal balance.
If you want to find a good CD rate today, use Louisville Banking Rates and get in touch with the bank of your choice.
There are numerous options to help you invest your money for the future. If you’ve been able to save some money in the past few years, or recently received a bonus, now is as good a time as ever to look into an investment account.
Certificate of deposits are a low risk, fixed term accounts, with competitive interest rates. Since the financial collapse, interest rates have been historically low, but they are expected to rebound soon.
Mutual funds are more risky and generally have a higher return. Money markets have lower interest rates, but allow you to access your money similar to a checking account.
Regardless of your situation, Louisville Banking Rates is available to help you find the best rates to meet your needs. If you’re looking for a CD with a 2.00% APY, Cleveland Banking Rates will be able to tell you if that’s available.
Don’t spend your time searching through every bank in the area. We’ve developed relationships with banks in Louisville to put the best CD interest rates right at your fingertips.
You have worked hard to save your money, now it’s time to make your money work hard for you. Investing your money is the easiest way to make your net worth grow, even while you sleep. Depending on the amount of funds you have to invest and your investment goals, you will want to research the different options carefully.
Louisville Banking Rates can make that research easier. We will assess your individual needs to connect you with Louisville banks and investment brokers providing the highest rates of return based on your financial goals.
Louisville Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.
Many local Louisville credit unions offer competitive CD rates, money market accounts and IRAs, as do the larger national banks. If you want to get the highest interest rates, be sure to thoroughly research banks with the best offers before you make your decision. Louisville Banking Rates has relationships with many banks to maximize the potential of finding the best rates.
