checking

Your bank's been acquired: Should you stay?

Interest rates
Next
5 of 8
Back
text

While the rate you're getting for your current CD isn't going to change, you'll definitely want to keep a close eye on things when renewal time comes around. Your new savings institution may not be as competitive as your former one, so a change of ownership is a good time to shop around for a better rate.

Of course, it's wise to examine rates every time a CD is up for renewal, but few people do so. When a bank gets new owners, though, it's a good reminder that there are other places eager for your business.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Quickest path toward $1 million?

Dear Dr. Don, This question involves how best to make for a better life for my family. How can I make a one-time investment of $5,000 grow into $1 million or more over 60 years? One of my broader goals is to encourage my... Read more

advertisement
Partner Center
advertisement

Connect with us