Why Invest in a CD?

Higher Certificate of Deposit Rates are Destined to Occur

The rate on 10-year U.S. Treasuries increased to more than four percent, the highest since October 2008. With this increase in the value of U.S. Treasuries, other interest rates are expected to increase as well.

In Seattle, it may be a good time to keep an eye on the interest rates of Certificate of Deposits if you are looking to save some money. CDs offer you a fixed term investment where your money is tied up for the length of the term. It forces you to keep their money away while it earns interest.

The higher the interest rate, the more money you’ll receive in the end. Use Seattle Banking Rates to find an interest rate on a CD that will maximize your earnings.

CD Rates in Seattle

In most areas, including Seattle, CD rates have been hovering around 1-2% for the past few years. But there are a few indicators that CD rates will be rising in the near future.

Most economic experts agree that CDs are a viable investment option when the interest rates reach 2.0 percent or higher. Those rates are available now, but some economic experts predict rates will climb back to their all time highs at more than 5 percent.

Seattle Banking Rates is a great resource to help keep you on top of the best CD rates and start saving money.

Seattle CD Rates

Seattle has invested in its future with many Downtown revitalization projects. You want to invest in yours, too, to ensure a better and stronger future. So if you’re thinking about investing in CDs, for example, you’ll want to find the best CD rates you can. Seattle Banking Rates could help you do just that.

We could also help you find money market rates, IRA rates and other investment vehicles. You could be watching your financial future become more and more secure with the help of Seattle Banking Rates.

Best CD Rates, IRAs and Investments in Seattle

Seattle 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.

Many local Seattle credit unions offer competitive CD rates, money market accounts and IRAs, as do the larger national banks. If you want to get the highest interest rates, be sure to thoroughly research banks with the best offers before you make your decision. Seattle Banking Rates has relationships with many banks to maximize the potential of finding the best rates.