Jan 04 2009
Find the Best High Interest Certificate of Deposit (CD)
Along with high interest savings accounts, Certificates of Deposit (CDs) are another good (and safe) savings vehicle. Make sure you research to make sure your CD is FDIC insured. myfdicinsurance.gov will provide detailed information about FDIC insurance, its rules, and its benefits. You can research to find the highest interest rate CD at BankRate.com . Here you can search by time limit and compare all the offers. Typically, you will need at least $1000 to open a CD. You will also need to be sure that you don’t need that money for the given period of time. There are usually very high penalties for withdrawing your money before the CD matures.
