How to Get the Lowest CD Rates

Find the lowest CD rates to maximize your investment

Banks offer a financial product known as a CD. A bank cd is a time based secure loan you make to the bank. Upon completion of the amount of time set for the loan, you can cash it in for the amount you loaned plus the interest rate. To maximize your investment, it is a good idea to find the best cd rate possible.

Tips for finding the lowest bank cd rates

Check local newspapers

Local banks often advertise in your local newspaper. When searching for the lowest cd rates, check the local newspaper!

Search the internet

Most banks will have an online version for their customers to do their banking online. Use a search engine like Google and type in "Lowest CD Rates" and then add your city and state name with that term.

Watch on the Banks Signs

On your daily trips through town, you will most like pass by dozens of banks. These banks all have outside signage they use for advertisements. Have your spouse or passenger make a note of each banks cd rates as you pass by. Then you can make a comparison.

How long do bank cd's last?

Bank cd's are based on set amounts of time. The most popular bank cd's offered are for the following numbers of months:

• 3 month bank cd
• 6 month bank cd
• 9 month bank cd
• 12 month bank cd
• 24 month bank cd

Watch a helpful video to learn more