Following the financial collapse, investing in a certificate of deposit wasn’t the best option. Many U.S. citizens lost money and couldn’t afford to save. Interest rates on CDs dropped below one percent, which made it no longer a worthwhile investment.
Now, investors are saying CDs may be a good way to start saving money again.
Historically, CD interest rates increase as the U.S. Treasury’s interest rates increase, and vice versa. As of April 2010, the U.S. Treasury’s interest rates hit a 10 year high.
That’s good news for investors looking to get into a Certificate of Deposit, Money Market, or Investment Retirement Account.
You can keep track of all the latest updates on CD rates by using Seattle Banking Rates. If you find a top CD rate, get in touch with the bank and start saving.
