Financial Planning

Best CD Rates

A CD (certificate of deposit) is a special savings account. The best way to put your savings away is through a high-interest CD. The best CD rates are usually much higher than even the best online savings accounts.

If you want to see the best CD rates you can possibly get, then check out Money Aisle. You type in what you have to invest, and it automatically finds the best CD rates possible, by allowing banks to bid for the money.’

It’s really brilliant, and it works for finding the best cd rates out there, anywhere. So use Money Aisle and get the best CD rate possible. Click here to look around.

How a CD Works

With a CD, you agree not to pull your money out of the account for a set amount of time. This let’s the bank make safe investments/loans with your money, without worrying about a withdrawl for the agreed amount of time.

This means they offer a much higher interest than most bank accounts — an obvious advantage. Almost everyone should have money invested with the best CD rates.

Advantages of a CD

• Guaranteed Return. Investing in “the market” is always risky — you never know exactly what’s going to happen. Sometimes you’ll lose — just ask those who have lost everything. A CD (certificate of deposite) doesn’t — it’s a guarunteed return, period. It’s impossible to lose money with a CD.

• Government Backed. If you put your money in a state-backed CD, you don’t have to worry about the bank going bust. You can always get your money out when the alloted time is up — it’s state guarunteed.

• Diversity. Every portfolio should have built-in diversity. In other words, “don’t put all of your eggs in one basket.” The more types of investments and savings that you have the better for your diversity, and hence your financial security.

• Efficiency. If you need access to your money within the next few years, it’s too risky to put your money in stocks — stocks are great for the long haul, not for the short game. Because of that, a CD is absolutely perfect, especially if you can find the best CD rates.

Don’t forget, you don’t have to browse around looking for the best CD rates — let the banks look for you. You can also view some of the best CD Rates for 2011 in the left sidebar at the top of this page. Look for the wallet icon that says “CD RATES.”