Monday, March 9, 2009

CD Rates News: Latest

Here's a roundup of some of the latest CD Rates news in the blogosphere.

The Indiana News Center cautions that with rates currently lower than they had been, it's best to have your money in CDs with durations of 3 years or less.

Where To Invest Your Money

But while cd's may be safer, financial experts caution against locking that money up for long periods of time, since the interest rate you'll be earning now is so low.

To make sure you're earning the most you can on your investment, even during times when rates are lower, a service like MoneyAisle where banks bid against each other to give you great CD Rates is key.

Jason P. Jones over at BharatBasha has a different strategy - he says the best way to deal with current rates is by CD Laddering.

The best way to beat the low rates is not to invest in long term CDs with low interest rates, but by CD laddering. Laddering CDs allows you take advantage of interest rates spread on a number of months or even years. If you notice, the high rates are offered on long term CDs.

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