Compare These Top Vendors for CD Rates
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Business directory to 401k rollover information and advice.
www.business.com/finance/401k-rollover/Retirement industry advisers and consultants.
www.business.com/finance/retirement-consultants/Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.
www.business.com/finance/retirement-plans/401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.
www.business.com/finance/401k/Source: /guides/cd-rates-15230/
If you have extra money saved, and plan to hold onto it for a long period of time, you should investigate CD interest rates. CDs, or certificate of deposits, are a safe way to save you money and make more interest than you would via savings accounts. Read More »
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Scrutinize certificate of deposit, or CD, rates advice and ratings sites to determine whether or not you will receive optimal return on your investments. Many people invest in bank certificates of deposit and following expert advice often increases yield. Read More »
CD Rates Key Terms
Jumbo CD rates
Jumbo CDs are CDs that are purchased for a very high dollar amount, usually $100,000 or more. Because of this, jumbo CD rates are higher than most other types of CDs. For someone who wants a relatively safe investment and has a lot of money to invest, jumbo CDs may be the way to go.Corporate CD rates
Corporate CDs are used as an investment for corporations that want to invest the money that they don't plan on using until the future. Corporate CD rates are often higher than other types of safe investments.IRA CD rates
An IRA, or Individual Retirement Account, is a type of investment plan that people use to invest for retirement. Some people choose to include IRA CDs as part of their portfolio mix. IRA CD rates depend on the particular CD that you choose.Personal CD rates
Personal CD rates are often the lowest rates out of all the types of CDs. Still, because CDs are a safer investment than many other investments, many people are happy to purchase personal CDs as part of their investments.Credit union CD rates
Consumers and businesses can also purchase their CDs through a credit union. Credit union CD rates may be slightly higher than personal CD rates.Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation, or FDIC, is a government agency that ensures that your money is safe in the bank. The FDIC guarantees funds up to $100,000 at each bank. CDs are covered under the FDIC. If you are investing more than $100,000, consider spreading the investments across various banks so that you money remains insured.Federal Deposit Insurance Corporation from their website.
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Tips & Advice for CD Rates
CDs are a great alternative to traditional savings accounts for businesses with extra cash. CDs, or Certificates of Deposits, are a low-risk investment for businesses. Interest rates are typically higher than regular savings accounts and vary by institution. CDs are purchased in various fixed periods of time and the time period you choose can affect the rate you will receive.
CD rates can be slightly complicated and it is important for businesses to fully understand the terms and conditions of their CD before they invest. CD rates can be fixed or variable. A fixed rate will not change while a varied rate can increase or decrease over time. Business owners should be sure to read the fine print to understand how the rate may change over time.
Rates can vary based on the CD timeframe. Many banks offer better rates on longer-term CDs. A 6-month CD may have a lower interest rate than a 1-year CD purchase. CDs are FDIC insured for up to $250,000.
Businesses should spend time reviewing the different CD options available in order to choose the best rate and timeframe for their needs. Please visit the links on the left for current rates and further information.
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