Need some money? Invest in CDs.
If you’re interested in making money like the rest of us, one option you might consider is CDs. No, not compact discs. Certificates of deposit. Just in case you’re wondering, a certificate of deposit is money in the bank, literally. It’s almost like a savings account, but they have a specific fixed term (a few months or years) and a high, fixed interest rate. Sounds great, doesn’t it? Well, of course it does. But where to find the best rates?
That’s where this website comes in. Current-CD-Rates.com lists, obviously, the current rates and where to find them for certificates of deposit. Its partner website, Highest-Interest-Rates.com has a wonderful collection of the banks and credit unions that have the highest interest rate for CDs. The author of those two blogs has also created Bank-CD-Rates.org, another incredible resource for online banking.
Among the lists of different banks and their terms, there’s also tips straight from the FDIC to insure that your money is in good hands while it’s multiplying. Why take a chance?
