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Surprising CD rates

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CDs & Investments:  How CD Rates Work Are short term CD rates as good as longer term CD ones or better? Sometimes shorter term rates pay a better APY than longer term CD’s, although you expected the opposite. It seems right that CD rates with a longer term should be better. In most cases it’s so. Short term CD rates as well as long term CD rates are less liquid than savings account, that’s why they are higher. You know that you can get a better CD rate on a longer commitment in case the interest rate never changed. What will be if interest rates change? If the banks feel that interest r...

on August 13, 2009 0

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Getting the Best CD Rates

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CDs & Investments:  The safest investment vehicles are Certificates of Deposit (CD’s). CD’s are the right choice for people who don’t want to risk; CD’s are risk-free. CD Basics Like a saving account CD’s pay you interest on your money, but with a CD your earning are usually higher. Comparing you will find that CD’s always pay a higher APY than a saving account. Why do they pay more? Your bank pay you more when you buy a CD, because they expect that for some period of time you will return the favor by keeping your money in the CD. So they use your money ...

on August 12, 2009 0

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Certificate of Deposits - Essential Points for New Investors

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CDs & Investments:  Certificates of Deposit (CD) can be a good way to make investments, especially if you want investments that keep your principal balance secure. Certificate of deposits guarantee rate for a certain period of time and its principal is protected by the Federal Deposit Insurance Corporation, if CD issued through a bank. It’s very important to make sure that your bank is FDIC insured. You have to look for the phrase-“Member FDIC” or the FDIC logo. When getting CD you lock your money up. If you want to get it back before the CD matures, you will pay a penalty. You need to find out from your b...

on August 3, 2009 0

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Chose Best Bank Rates

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Checking & Savings:  Nowadays most financial institutions use risk-based lending, meaning loan rate you will get is based on your credit score; the higher your credit score is the better rate you will get. The best way is to apply for a loan pre-approval; that way you will get exact rate and maximum amount you qualify for; after you will have the exact rate you can make decision whether to take that loan or not. However, this pre-approval loan usually ...

on July 2, 2009 0

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