Finding a satisfactory yield can be difficult in this economy. CD rates haven't showed much movement in the past few weeks, making some investors stray away from certificates of deposit. If you're looking for CD rates in Newark, NJ, don't give up shopping for a yield just yet. Many online and large national banks are posting higher yields to attract deposits and customers.
Certificates of deposit are insured by the FDIC up to $250,000 per depositor, making them a solid low-risk investment. Shop around thoroughly for 6-month CD rates in Newark, NJ, to find the best CD rates around. Bankrate.com can help you find better-than-average yields in your area of New Jersey.
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