9th Nov 2009 by Michael Haltman
CD's are a way for banks to attract stable deposits into the branch by offering competitive rates to conservative investors. Depositors need to keep each account under the FDIC insurance limit for safety. CD rates fluctuate, and many times the bank offering the best rate today may not be tomorrow. It depends on the amount of money they are trying to attract.
Many times internet banks or small banks will have the most attractive rate. Today, the highest 6 month rate is being offered by Asencia bank of Louiville, KY.
Like This Answer?
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com