CD Rates on the Way Up
Sunday, November 19th, 2006
As banks are looking for more ways the attract customers, CD rates have risen over the past year and appear to be continuing this thrend in the immediate future. Many banks have been offering rates around 5% or more for terms of 36 months or longer. But, there are even some banks that are offering rates around 5.5% or better for terms as short as 3 months. You can compare CD rates at the Bankaholic blog.
In a recent post there, it was announced that AmTrust Direct is offering a 6 month CD at 5.51%. This is one of the highest CD rate available today. You can even open up a CD with them for as little as $1000.
There are many other great rate offers out there as banks compete for business. If you are looking at purchasing a CD from Chase, you may want to compare the Chase CD rate you have been offered to other banks in the market. With rates approaching and eclipsing the 6% mark, it pays to shop around.
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November 21st, 2006 at 8:31 am
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