We have two small children that will one day (hopefully) go to college and we have no idea how we will pay for it if the prices continue to go up. Any money that they receive as gifts we’ve been putting into the bank CDs. Last summer their CD’s were coming up for renewal so I began calling around to all the banks to get the best rate. It doesn’t really matter how long they are tied up in CD’s because college is still a long way away, but I want to get the best rate for them. After all my phone calls I did find the perfect rate and I’m still very happy with what we are getting.
Today I found Select CD Rates, a website that probably would of saved me a lot of time looking for CD rates. Select CD Rates lists Bank CD Rates by State, making it very easy for you to find what you are looking for. They list the current day’s rate along with the term and minimum to open. It’s such a great quick reference that will save you so much time so you don’t miss those really good rates that may only last a day or two while you are spending time researching. If you are saving money whether for college or something else long term, bank CDs are a safe, easy way to build up your savings.
With some banks, you can open accounts online or through the mail even though you may not live in that state. Doing this would require a lot of research to find out what banks are where and what the rates are. You can find all the best CD rates on this website and if you have a certain term you are looking for, you can also search by term. Each week they rank the best Bank CD rates by state and across the nation so now you can go to one place to get all the information you want on the best CD rates.
Next time you are in the market for a CD, be sure to check out Select CD Rates to see if your state is listed and I bet it will save you a lot of time and help you get the most for your money.