How to Find the Best Certificate of Deposit Rates?
1. Research Online: Start by researching CD rates offered by various banks and credit unions online. Many financial institutions publish their current CD rates on their websites, making it easy to compare.
2. Use Comparison Tools: Utilize online comparison tools and financial websites that aggregate CD rates from multiple institutions. These tools allow you to compare rates side by side and filter options based on your preferences, such as term length and deposit amount.
3. Check Local Banks and Credit Unions: Don’t overlook smaller local banks and credit unions, as they may offer competitive CD rates. Visit their websites or contact them directly to inquire about their CD offerings.
4. Consider Special Promotions: Keep an eye out for special promotions or limited-time offers that may provide higher CD rates or additional benefits. Some institutions offer promotional rates to attract new customers or incentivize larger deposits.
5. Negotiate: In some cases, especially for larger deposits, you may be able to negotiate CD rates with a bank or credit union. It never hurts to ask if they can offer a better rate, particularly if you’re a valued customer or have a strong banking relationship.