Purchasing Resources for CD Rates

CD Rates Key Terms

Learn CD rates key terms to invest right
By Shannon Tani When purchasing a CD, or Certificate of Deposit, it's important to know what you're getting. While CDs can be a safe investment, there are different types of CDs, each of which has different rates associated with it. This could make a big difference on your return on investment, so a smart investor understands the different types and which types have the highest rates. Learn the following terms that are associated with CD rates to get off to a good start.
 

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.
Try: Bankrate.com discusses jumbo CD rates.

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.
Try: PNC talks about their corporate CD rates towards the bottom of the page on working capital.

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.
Try: See IRA CD rates at Jumbo CD Investments.

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.
Try: See examples of personal CD rates at Nexity Bank.

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.
Try: BestCashCow.com discusses credit union CDs and their 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.
Try: Learn more about the Federal Deposit Insurance Corporation from their website.