The Fed is sticking to its promise to keep interest rates extremely low, and it’s reflected in CDs this week. The average national one-year CD rate dropped one basis point to 0.3 percent – a basis point is one-hundredth of a percentage point. Still, there are some institutions offering better-than-average rates. You use can use our survey to find CD rates in Alexandria, VA, and in other areas of Virginia.
Traditional CDs are safe investments. But they aren’t the most liquid vehicles. When you invest in a CD, you’re agreeing to lock up your money for a specific amount of time. Most institutions have strict penalties for early withdrawal, so make sure to find a CD with a decent yield. You can use our research to find the best CD rates in Alexandria, VA.