Certificate of Deposit: Better

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2012年9月9日星期日

How to Get A Better Certificate Deposit Interest Rate

One of the things you may want to consider in your quest for getting a better rate of interest may be the duration that you have in place for your certificates of deposit. Typically, the longer you can extend the duration until it is time to renew or roll them over, the better rate of interest you will be able to get from your bank. Check and see if the interest rate would substantially improve if you went with a two or three year term rather than an eighteen-month term. Of course, also make sure you can afford to have your money tied up for that length of time as well before you change anything.

Don't be afraid to check with other financial institutions in your area. While the certificate deposit interest rate you currently receive is most likely competitive, you may very well find another bank that will provide you with a slightly better rate of interest. In fact, you may be able to take this information back to your bank and see if they will match the competition. Either way, you come out with a more aggressive rate of interest to work with.

You may also want to check with nationally know banks that do not have a local presence. Often, they will be able to establish accounts for you online and in no time you can be enjoying a rate of interest with your CD's that would not be possible to obtain locally. Make sure you understand the terms and conditions that will apply, as well as the procedure you will need to follow to check on and manage your certificates of deposit online. While online, you may want to also compare what these nationally know banks can provide to the offers extended by Internet based banks. Often, you can find some very attractive deals on interest rates with the online only institutions that simply cannot be found anywhere else.

It only makes sense to find the best certificate deposit interest rate that you can. For many people, CD's are part of their overall retirement package. Making sure you are getting the best return for your money means security in the years to come. Do some comparisons today and make sure you are getting the best deal possible.

James Woodley is the writer for the website [http://interest-rates.webinfo-site.com]. Please visit for information on all things concerned with How to Get A Better Certificate Deposit Interest Rate [http://interest-rates.webinfo-site.com/Articles/Certificate_Deposit_Interest_Rate.php]

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2012年9月6日星期四

Open Your Eyes - Small Banks Are Offering Better Certificate of Deposit Rates Than Bigger Banks!

Are you not getting the best interest rates for your deposits made? Then you are making the same MISTAKE made by thousand others. Yes, you are not opening your eyes to look around the SMALL BANKS that are offering HUGE INTEREST RATES.

A lot of small banks which are present in small towns are giving best certificate of deposit rates when compared to the giant banks. These banks also take deposits only from the people who are staying nearby. You should also check the rates and the terms and conditions to give best value for your investment. The types of Deposits that are available are for:

1 year
3 month
6 month

Some of the best bank CD rates are:

A bank based based at Reynolds, "State bank of Reynolds" has a Deposit for 12 months that pays a rate of 2.5% APY. Another bank First Chatham Bank is paying around 1.87% APY for a CD of 12 months. The minimum deposit for this investment is $1000.

Another bank, Harris Bank based at Chicago pays around 1.5% APY for a 12 month Deposit. The minimum deposit for this investment is also $1000.

In case if you need the best rates, here is the details. Broadway federal bank which is based at Los Angeles and has 5 branches in Los Angeles is paying good returns for the Investments made. For a 24 months deposits, it pays 2.02 % APY and for a 36 months it pays 2.53 % APY.

So get the best returns for your investments by investing in the above banks. You can also get more details on the best rates.

Visit http://www.bestsavingsaccountrates.net/3-month-cd to get more detailed information on best CD Rates.
Balajee Kannan
http://www.bestsavingsaccountrates.net/

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2012年6月25日星期一

What Is Better: Annuities VS CDs

There are some of you who are trying to get ready to retire. With that being said, you want to be sure that you can get the best investments. There are some of you who need to know which is better. This is the debate of annuities vs CDs.

Now, there are some people who will find that annuities are not for them. CDs might be better for them in the long run. If you are wondering if you are one of these people, we have some things for you to consider. Here are the things to ask yourself if you are the type that should be getting the annuities.

The first way to know that an annuity is not for you would be if you are looking to get the money in one or two years. This is to be used when you retire later down the road. We do mean way later.

The other thing would be to consider if you need all the principal money back. If you do, then you would qualify for the annuity. However, you also want to watch that moneyGrows. You will find that this is an investment that is more long term. It will outlast the CD. The biggest thing is that with the annuity you get the safety and the security that you need. You can get growth as well.

You will find that when you go with CDs you do not run all the risks. They are savings plans. They are not considered investments. The other thing about CDs that you might not like is that they do not get as high returns. The other thing about this that you have to be careful with is that if you go to cash them before they are mature you can get some pretty high fees.

Now, annuities have their downsides as well. The biggest thing is that you put your money into these companies. You hope they do well which is why you should look at their financial report and see where they stand before you choose a company. However, if they go down then you will go under and lose all the money you put into it. That is why you have to think about the risk that you are taking.

The last thing that you will find is that you really have to consider how much risk you would like to take. Both of these can help you to put money aside that can be used for retirement as we all want money for that grand time. After working hard for years, you want to retire and not have to figure how you are going to pay for things. However, you have to think about how much money you can invest and what happens if they fold.

When you think about this, you have thought about both sides. These are the things you should know. There are advantages and disadvantages of both. So, here is the concept of annuities vs. CDs. Find out which one will benefit you before you start investing.

Visit http://www.annuitycampus.com for more Annuity and Life Insurance Tips and Tricks.

Call Robert Eldridge directly at 800-643-7544.

Robert Eldridge holds over a decade of experience as a multiline agent in multiple states and currently serves on the membership council of the National Association of Insurance and Financial Advisors

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2012年6月1日星期五

Open Your Eyes - Small Banks Are Offering Better Certificate of Deposit Rates Than Bigger Banks!

1 year
3 month
6 month

Some of the best bank CD rates are:

Another bank, Harris Bank based at Chicago pays around 1.5% APY for a 12 month Deposit. The minimum deposit for this investment is also $1000.

So get the best returns for your investments by investing in the above banks. You can also get more details on the best rates.

Visit http://www.bestsavingsaccountrates.net/3-month-cd to get more detailed information on best CD Rates.
Balajee Kannan
http://www.bestsavingsaccountrates.net/

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2012年5月30日星期三

How to Get A Better Certificate Deposit Interest Rate

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2012年4月19日星期四

Annuities - Are They Better Than CD's Or Not?

Ditch the CD's and go for annuities. After all, annuities are tax deferred, often offer higher rates of return and are better....or are they? That is a question worth pondering.

It seems like everyone all over is recommending an annuity over CD's. Is it really because they are better....I THINK NOT!!!

Now, here is the truth and it shouldn't shock you: the number one reason most advisors recommend annuities over CD's is because they pay better-tremendously better. I am sorry if you disagree but there is absolutely no doubt in my mind that is the reason your banker or whoever would recommend a fixed annuity over a CD...for the most part. CD's barely pay anything. Fixed annuities however, can pay as tremendously more.

Point 1: CD's are NOT tax deferred. Each time you receive interest, you are forced to pay taxes on the interest where with an annuity, the tax is deferred until you decide to cash your annuity in. Score one for the annuity. But wait....some would argue that paying taxes along the way is much cheaper than accumulating a huge tax time bomb years later. That totally depends on your taxable situation but it is worth looking into depending on your individual basis.

Point 2: Annuities are not liquid. If you ever need your money from your annuity, you are forced to pay a pretty heavy penalty relative to a CD (with the exception of principal back guarantee annuities). Your only allowed to access 10% a year in any given year. CD's on the other hand are much more liquid than annuities. They give you much more flexibility when it comes to accessing your money. Score one for the CD.

Point 3: CD's are FDIC insured where annuities aren't. But, annuities are backed by the big insurance company your with. I would have to say that in terms of safety it's almost the toss of a coin if your annuity is held with a solid insurance company.

Point 4: CD's are pretty straight forward. Annuities are very trick. Definitely a point for the CD's here. CD's are so not complicated where as annuities can turn into a nightmare if youget involved with something that is more complicated than you think. Score a big one for the CD here. Easy to understand and that's never a bad thing.

Point 5: Annuities avoid probate. CD's do not. Score one for the annuity but remember that you can always do something called a TOD with your bank account that holds the CD. This stands for 'Transfer on Death' which would avoid probate as well.

FInal Analysis: As always, there is not a clear cut choice. I wanted to uncover these issues for you so that you could see and understand that it's not black and white. There are many things to consider if you are looking into a CD or an annuity. Most importantly, you have to consider what's right for you and your situation.

Fixed annuities provide their advantages but they can be very tricky. To get a more in depth look at a CD vs. annuities, or to learn more about annuities, please visit AnnuityMD.com.

Tony Bahu is author of the controversial book, 'Annuities: The Shocking Truths Revealed.' This book exposes the astonishing truth about annuities that agents and insurance companies DON'T want you to know. To take a more in depth look at the book that has the industry up in arms, please take a look at AnnuityMD.com.

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2012年3月1日星期四

Be an Owner, Not a Loaner (To Make Money, Which is Better?)

The difference between financial independence and financial servitude is this simple principle; Be an owner, not a loaner. The average American's failure to understand this principle, (and live it), has sown the seeds of a stark financial future for ourselves and our families.

In my earlier article, "The True cost of a Guarantee", (see link below), I discuss the effect that inflation has on the value of our money. In this article, I discuss the difference between investing, and putting money in a bank's 5 year Certificate of Deposit product that had an advertised an interest rate of 2.5%, (two & one half percent).

Loaning your Money vs Investing

In our current day and age, we have the opportunity to participate in the ownership of businesses and national economies around the world: either through "self-directed" investing, (web-based stock/bond purchases for example), or through brokers/agents.

Here I would like to illustrate the difference between letting the bank use your money, (loaning it to them), and putting money directly into the U.S. or world markets, (be an owner).

What happens to the money?

When you put money into an account at the bank, it doesn't just sit around. The bank takes that money and invests it so they can get a return, (income). One of the most common ways Banks earn income is to lend money and charge a fee, (interest), to let the borrower use the money for a period of time.

To use a very simplistic example: If I borrow money from the bank to buy my car, the money they give me is the money depositors have put into their accounts.

Letting them use your money

Let's take that example and look at it a little closer. Today you go into the bank and put $1000 in their 5 year CD and they promise you their advertised rate of 2.5%. 10 minutes later I go into the bank and get a $1000 loan to buy my car. The money the bank lends to me is, in essence, the same money that you just deposited.

The loan terms state that I have to pay back the money within 5 years, and the interest rate they are charging me is probably about 7 - 10%. We already know that after the 5 years is up, your $1000 deposit will have earned about $131.41 in interest. (Interest is the fee the bank pays to you so they can use your money).

How much money the bank made, (using your money).

If the interest rate on my loan is 8%, by the time I make all the payments to pay back the loan, I will have given the bank $1202.40. That is the $1000 I borrowed, (the money they are letting me use), plus $202.40 in interest, (fee to use the money). If the bank gave you $131.41, on the $1000 in your CD, that means they put $70.99 in their pockets. Remember, they made that profit using your money, not their own. By letting the bank act as the "middleman" you give up some of the earning potential of your investment.

Be an Owner

When you put your money into the world's market system you would be, in essence, a part owner of the world economy. By owning a piece of the "pie", (instead of loaning money to the bank), you have the opportunity to have your money earn a higher return.

Even over these financially turbulent last five years, a conservatively mixed portfolio could have earned a return of about 4 to 6 %. (Two key words: "mixed" and "conservative"). That means your $1000 could have earned from $216.65 to $338.23. That is $85 - $207 more than you would get loaning your money to the bank.

But what about the guaranteed deposit? What about the guaranteed interest rate? I recommend reading my article "The True cost of a Guarantee" to answer those questions.

So what are the choices?

When it comes to investing in the global economy, no one can promise that you are going to get a certain rate or return, or even that you won't lose some of the original money you invested.

So here are the options: Choose to follow the "better safe than sorry" philosophy, and almost surely lose to inflation, OR, take a small chance in the world market place and enjoy an opportunity to earn a much better return. I think I'll place my bets with the world.

**(The above information, including the amounts and values stated, is for educational and illustrative purposes only, does not constitute any type of projection, warranty, or guaranty, and is neither a solicitation nor endorsement to buy, sell, or transact, any type of investment or financial instrument).

Why go it alone? A personal financial coach can provide you with valuable insights in your quest for financial security.

For a referral to a coach whose services are customized, confidential, and complimentary; send us an email at duane.ashby@usa.com, or visit our blog at http://www.duaneashbyonline.blogspot.com

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2012年2月29日星期三

Person-To-Person Loans - You Can Earn Better Returns

Person-to-Person lending (also known as Peer-to-Peer or P2P) is fast becoming an attractive way for borrowers and lenders to connect directly. It is like the EBay of the banking world. In the past, you would deposit your funds at the bank and depending on the amount and term, the bank would pay you interest. Current certificate of deposit rates range from 3.50% to 5.00% APY. Basically, the bank then makes loans with your funds and their income is based on the spread between your rate and the loan rate. Well, why let the bank have all of the fun? Now, you can lend direct and earn more interest.

There are three main services: Prosper.com, LendingClub.com, and Zopa.com. Prosper gives you plenty of details such as the credit score, Debt-to-income ratio, etc., so you can make informed lending decisions. Prosper.com allows the lender to seek additional details about the borrower, although the borrower doesn't have to respond. Of course, then the lender doesn't have to lend to them. Many lenders spread out their funds in $50 to $100 increments to minimize overall risk. Looking at data from Prosper (6/1/06 to 4/21/08), average rate of return for AA borrowers is 6.64%. Some people will sprinkle in some lower quality loans to try to bring the return up. Your funds aren't guaranteed, however. With Prosper you can get started with $50.00. Certainly not much to risk, to get your feet wet.

Lending Club isn't currently accepting new lenders. The site says, "Lending Club has started a process to register, with the appropriate securities authorities, promissory notes that may be offered and sold to lenders through our site in the future." They use a system they call LendingMatch to suggest a portfolio of loans to the lender. It takes various aspects of your profile and matches you with borrowers that you may have a "connection" with. That connection can be you both like dogs and are MySpace addicts. The lender can override the suggestions and make their own decisions.

Zopa operates a little differently. They tie your investments in with an NCUA insured CD. They partner with various credit unions to accomplish this. As a result, your funds are insured up to $100,000, but the earnings compare with 1-year CDs. Currently they are advertising 3.75%. The minimum required to start at Zopa is $500.00. Zopa has a feature where you must agree to help at least one borrower out. You do this by reducing your earnings rate and as a result, reducing the borrowers loan rate. People helping people is the true theme of all three services. The fact that everyone mutually benefits makes it very rewarding.

I don't think the person-to-person lending will replace other investment alternatives, but I do think it can add some return to a well-balanced portfolio. If you manage your lending portfolio well, the returns are certainly attractive compared to other investment vehicles. Our specialty will remain with quality, guaranteed returns in certificates of deposit, but I certainly believe putting some extra funds at Proper or one of the other services is a good idea.

For more information visit our Peer-to-Peer lending section on our site.

Chris Duncan is a FINRA Registered Representative. He specializes in helping clients find the best and highest CD rates nationwide. His clients include individuals, financial institutions, corporations, and public agencies. Please visit our Certificate of Deposit Rates page.

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2011年12月25日星期日

Open Your Eyes - Small Banks Are Offering Better Certificate of Deposit Rates Than Bigger Banks!

1 year
3 month
6 month

Some of the best bank CD rates are:

Another bank, Harris Bank based at Chicago pays around 1.5% APY for a 12 month Deposit. The minimum deposit for this investment is also $1000.

So get the best returns for your investments by investing in the above banks. You can also get more details on the best rates.

Visit http://www.bestsavingsaccountrates.net/3-month-cd to get more detailed information on best CD Rates.
Balajee Kannan
http://www.bestsavingsaccountrates.net/

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2011年12月17日星期六

How to Get A Better Certificate Deposit Interest Rate

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