Certificates of deposit are a popular choice with investors because they usually offer higher interest rates than regular savings accounts. Of course, not all CD rates are just as good as other deposit accounts.
Fair Oaks Banking Rates compiles rates data from a database of over 3,000 banks and credit unions to bring you current CD rate information and help you find the best accounts. 
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
|
1.10%
As of May 14, 2012
|
 |
CIT Bank
|
CD Account |
|
1.09%
As of May 15, 2012
|
|
Ally Bank
|
CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
|
1.00%
As of May 7, 2012
|
View Rate Details | Chevron Federal Credit Union | CD Account |
|
1.00%
As of April 26, 2012
|
View Rate Details | Seacoast Commerce Bank | CD Account |
|
0.75%
As of May 14, 2012
|
View Rate Details | Mc Clatchy Employees Credit Union | CD Account |
|
0.75%
As of May 1, 2012
|
View Rate Details | USE Credit Union San Diego | CD Account |
|
0.60%
As of May 3, 2012
|
View Rate Details | Community Business Bank Sacramento | CD Account |
|
0.56%
As of April 30, 2012
|
View Rate Details | Solano First Federal Credit Union | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
| The Golden 1 Credit Union - 2 Year CD Account | 0.45% to 0.41% | May 16, 2012 | |
| Sacramento Credit Union - 2 Year CD Account | 0.41% to 0.39% | May 15, 2012 | |
| Heritage Community Credit Union - 12 Month CD Account | 0.25% to 0.20% | May 14, 2012 | |
| Safe Credit Union Sacramento, CA - 2 Year CD Account | 0.55% to 0.45% | May 11, 2012 | |
| S A F E Credit Union - 2 Year CD Account | 0.55% to 0.45% | May 4, 2012 | |
| Antioch Community Credit Union - 12 Month CD Account | 0.10% to 0.05% | May 3, 2012 | |
CD rates can vary greatly depending on the term and location of the account. Don’t settle on the first rate you’re offered; researching the rates from all the banks and credit unions in your area will likely result in finding competitive offers you never knew existed.
Have you made adequate plans for your retirement? It pays to address the problem early, with wise planning and investing. After all, you’ll need to support yourself somehow once you stop working. Why not buy certificates of deposit? With Fair Oaks Banking Rates, you could find the best CD rates available so your money will grow handsomely. All you’ll have to do is enjoy life.
A Certificate of Deposit, or CD is similar to a savings account in that it earns interest, but different in that you can set a length of time (anywhere from 3 months to 5 years) that you will not touch your savings. The reason you may choose this option is that banks typically offer higher interest rates because they know you are not going to withdraw the money. Banks can then loan your money out, and pay you a higher Bank Rate to allow you to earn even more money.
The most difficult, and important, decision to make when investing your hard-earned money is which type of investment account should you choose. Certificate of deposits mature at a fixed rate on a fixed length of time, so you know what you’re getting up front. Mutual Funds may give a higher return, but are risky because they rely on the success of the stock market and the choices of the firm doing the investing on your behalf. Be sure to do your research on Fair Oaks Banking Rates before you decide.
Fair Oaks Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.
