CD rates may be somewhat dismal across the nation, but don't let that stop you from shopping around. Investing in short-term CDs gives you the opportunity to take advantage of future rate hikes. CD rates in Atlantic City, NJ, haven't moved much recently, but many online banks and large institutions are advertising higher rates. Compare rates across the nation and in your area of New Jersey before making a decision.
Yields could fall even more due to federal intervention, making it crucial to shop around for the best CD rates. Build a CD ladder to hedge the risk of rate changes. To find CD rates in Atlantic City, NJ, check out research from Bankrate.com.
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