Follow Us: Google+
 
Bankrate.com

2011 Rising-rate CD survey
Chart arrow moving up
cds
Online CDs: the road to higher yield?

Check a bank's rating
Next
3 of 7
Back
Check a bank's rating

Beware: High-paying CDs may be offered by low-rated banks. Though they are brick-and-mortar institutions, these banks may offer their online CDs to customers around the country over the Internet.

Before plunking down money, look up a bank's rating. Bankrate's rate-search engine is one option. "It lists the highest-yielding CDs nationwide," McBride says. He also suggests checking Bankrate.com's Safe & Sound Rating engine, which uses a star rating to rank a bank's stability. Use it to find local banks that may offer high yields.

"Weak banks put out high-rate CDs because they need capital. The FDIC is breathing down their necks," says Donald Cummings, managing partner at Blue Haven Capital in Geneva, Ill.


 

 

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare CDs & Investment Rates



advertisement
Most Read
  1. Beach towns with bargain homes
  2. 6 tips for successful yard sale
  3. Nick Nolte's house for sale
  4. 5 costliest tickets for car insurance
  5. 7 sedans for the young at heart
  6. 5 car models that lose value
  7. Ali Landry's house for sale
  8. Headlight requirements by state
  9. 9 gas-only, fuel-efficient cars
  10. 8 eerie ghost towns
CDs Overnight Averages
Product Yield +/- Last week
6 month CD
0.45% 0.41%
1 yr CD
0.67% 0.62%
5 yr CD
1.24% 1.22%
1 yr jumbo CD
0.65% 0.65%
Compare rates:
Don Taylorinvesting
The good news is you're inheriting $500 million. The bad news is you need to hold onto it.
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.