Best CD Rates, Money Market Accounts, Bank Rates

Certificate of deposit rates

The best Certificate of deposit rates also known as CD rates fro short are continuing to take a beating. Since many of you are looking for the most up to date news on Certificate of deposit rates and the best cd rates, I have decided to add a widget to MoneyOneFinancial.com, that should allow you to scroll through the latest updating news.

The widget will provide information on bank deals and upcoming bank rates on multiple financial institutions. Remember to always check with your bank or Credit Union to confirm what the current CD (certificate of deposit) rates are for them. Our goal is to help improve your investing experience. We truly hope that we have and will continue to help you to make an informed decision on a certificate of deposit that is worth it either over a short period or a long period of time.

Below are some of the best CD rates that we have currently found as of the date of November 17th, and are not meant to be taken as a definite rate for your area since there are variations in bank rates depending on where you live. This is merely a guide, and rates are always being updated, so please confirm with your bank or a professional banker first before making decisions based on these rates.

Alabama State Employees Credit Union CD Rates

One of the oldest of all credit unions, and financial institutions for that matter is Alabama State Employees Credit Union which was founded in 1954. Particularly for membership of those living in and around the Montgomery area, and other surrounding counties, it is one of the most reliable and stable.

In 2001 Alabama State Employees Credit Union received the grant of Community Charter. This has opened up many more services for the members of the Credit Union as it continues to flourish.

For those to qualify to not only bank with Alabama State Employees Credit Union, but also receive the CD rates (certificate of deposit) show below, you must work, live, go to school or attend for Worship in Montgomery, Autauga, Elmore, Bullock, Macon, Lowndes, Crenshaw, Pike or Butler. Opening a savings account is quite simple with just a minimum $25 dollar deposit. Below are the CD rates noted by us as of November 14th. You will need to check with the Credit Union on current rates just to be sure.

6 Month CD earns you 3.55% interest, 3.60% APY.
1 Year CD earns you 3.60% interest, 3.65% APY.
2 Years CD earns you 3.65% interest, 3.70% APY.
3 Years CD earns you 3.70% interest, 3.75% APY.
4 Years CD earns you 3.75% interest, 3.80% APY.

Georgia CD rates

Georgia has many banks we can call on to compare CD rates across the board. That way you can get the best bang for your buck. Lets first take a look at CD rates in Atlanta Georgia since it is the largest city. Then we will branch off from there.

Lets start with Delta Community Credit Union which advertises a 4.50 APY CD Rate when you invest $1000 minimum for 12 months. Delta Community Credit Union serves Atlanta, Suwanee, Stockbridge, and other surrounding areas including out of state branches in Kentucky, and Dallas Texas.

The second is Bank of North Georgia Certificate of deposit rates. Their main headquarters is located in Alpharetta Georgia, and they also have branches in Atlanta as well as Bowdon, Bremen, Buford, Carrollton, Covington, and a bunch of other towns and cities all over Georgia. Their website does not offer specifics, so you will actually need to get in touch with them to find current CD rates.

If you live in Georgia and have seen a recent CD that is on the rise with a reputable bank, feel free to let us know by leaving a comment.

Wachovia bank cd rates

So I checked to see what kind of special I could get if I went directly to the Wachovia website to look up their cd rates. Wachovia bank cd rates are between 4% APY and the mid 3’s as of now. As I typed in a Texas zipcode the best I could get was 4%. In order to receive this rate you will need to signup for a Wachovia checking account if you have not done so already.

This is for the Wachovia 12 month Cd rates that i found this and I had hoped it would be better than that, but it wasn’t. It was no suprtise that it as for 12 months since many of the Banks have been offering this as a standard for the higher cd rates.

If you are going to get a short term like a 6 month cd rate or a 3 month cd rates you will not find that good of a return. This is because you are not locked into the bank for that long which does not allow them to make money of you. Wachovia bank works just like many other bank with their top cd rates.

If you are going to go with something you may want to lock in now depedning once again on the economy. I think at this point a lot of questions are brought up. With the new Barack Obama gaining poer as president does that mean things will get better in the financial sector right away? most likely not. There will be lots of hiccups after his gaing authority as our president which may cause the economy to remain or even get worse as it drowns in the pool its already been turning in.

We will continue to cover the best cd rates and the top cd rates that banks are currently offering so you can make the best decision.

6% cd rates do they exist?

I find that people are always finding Money One Financial for 6% cd rates. The question is do they exist? Well I must tell you, there isn’t really any CD that we are aware of at the moment which is bring in a 6% return. While some banks have come close, the financial situation of the US economy just doesn’t allow for this nice of a return.

What does seem to be true however is the fact that you can find some high interest cd rates from banks that are offering it. but you will also find when you compare cd rates, that the ones that are for 3 year terms are going to be the only ones over 5% generally.

Some banks and institutions like Pentagon Federal Credit Union, Alta Vista Credit Union in Southern California, and maybe a few others do offer a rare CD with high interest, the only problem is many of them are private banks which require some restrictions. The best cd rates you are going to find at the moment will probably be with smaller banks that are struggling. While this is not always true, many small banks will do anything they can to survive the economy crunch by getting as many people as possible to get accounts with them.

As we mentioned before, you don’t have much to worry about. Who will have the highest cd rates this week? Stay tuned as we post them.

Comerica CD rates

With the economy the way it is one fo the banks that is still offering a decent cd is Comerica bank. Of course this is for more than just a 100 dollar deposit. You will need to invest at least $2500 dollars and the term of the cd will be for 12 months. Now for the return. With this CD you will get a 4% annual percentage yield which is not too bad.

Another thing that you should know is that you will need to open a checking account with Comerica bank to be able to qualify for this rate.

Also, just to give you a little info on who Comerica is. They are a financial services company that is located in Dallas. They have segmented themselves into three different groups those being the following: The Business Bank, The Retail Bank, and Wealth & Institutional Management.

With that in mind there are some other financial groups and institutions that have decent bank cd rates as well such as Fifth Third and charter One bank. You can lock in this rate for the next year on most of these bank cd’s so it overall is a good bet for right now. Most people don’t think the economy is going to change much within the year, so this may not be a bad idea to get in now.

American Principle Bank financial results

It looks like American Principle Bank reports its 3rd quarter financial reports for everyone to see. how well did they do? According to Marketwatch, American Principle Bank had record levels of loans as well as other outstanding losses which has caused this bank to lose for another consecutive time. With a loss of $196 thousand during the third quarter of 2008, many are weary of putting stakes into this bank at the moment. Lets see if they can shape things up in the upcoming year.

Just to give you an idea of where the bulk of the increasing loans were you can see below.

commercial business loans, which increased from $14.1 million at June
30, 2008 to $25.9 million at September 30, 2008; and
commercial real estate loans, which increased from $24.2 million at June
30, 2008 to $26.4 million at September 30, 2008.

Obviously its not the worse case scenario, but we will keep our eye on American Principle bank and let you know what else might come up for not only investors, but those putting their money into certificate of deposits and other long term investments.

National City 5.00% on 3-Year CD

National City Bank has a nice 5.00% APY 3-year CD which you might or might not be interested in. Considering the fact that you must initially invest $10,000 dollars, you will need to in effect be vested for a long period of time with a lot of cash.

If something by chance were to happen in which the bank fell into a financial crisis and was unable to pay you, you would not need to worry since we have already discussed the fact that you would be covered under certain laws.

National City Corporation which is held publicly by investors is headquartered in Cleveland Ohio, and is one of the nation’s largest financial holding companies. This should speak something about the investing opportunities with them. You can find more information on National City bank under the ticker symbol (NYSE: NCC).

College Savings Bank Fixed Rate CD

The only bank that exists for the purpose of helping people save for college is now offering fixed rate certificate if deposits for saving up. Through the Arizona Family College Savings Program you will now be able to get several very promising and tempting funds available. They will range from one year to 3 years CDs, and allow you to save up money the smart way. According to Dan Davenport who is the chief marketing officer, he wants to ensure with tough times in the economy that people are getting the most for their investment.

Currently the yields are a healthy rate considering what the economy is doing, and they are as follows.

1-year CD Rates: 3.40%
1-year jumbo CD Rates: 3.50%
3-year CD Rates: 3.75%
3-year jumbo CD Rates: 3.85%

This should not only help those families who now have to cut back on college funds to save a little better, but also if times get tougher it allows them to have a backup plan. Fixed rate cds are a good bet, and allow you to lock in that rate for the duration of the period of time. With the volatile equity markets this allows for people to know exactly what is going on with their money.

While these are not the highest CD rates, Remember when some rates are high on CD’s it is a possible sign of that bank or institution having financial trouble as was seen with banks like Wamu A.K.A Washington Mutual. You will be happy to know that College Savings Bank is the only exclusive provider of this CollegeSure CD and InvestorSure CD which have just been made available. So be sure to check with them should you have further interest in obtaining that. Also check for special tax programs for Montana and Arizona if you live in one of those areas and purchas a certificate of deposit.

Compare CD Rates

Who said it would be easy? In the last year CD’s have really taken a beating, but lately we have been seeing a higher rate from banks like Corvus and even Wamu bank of upwards and over 4% return. So whats safe and whats not? Well its not always the case, but some times the highest cd rates that from banks that appear to be stable are not really so stable. They are trying their hardest to hold onto consumer deposits. Does that still make it safe compared to other banks. While comparing cd rates you have a higher paying long term investment on one end, on the other end of it you have what seems to be a risky business investment.

Its not so much of something to worry about though. Your CD is not going to be gone as long as your deposits are kept under the Federal Deposit Insurance Corp. limits. These generally range up to about 100 thousands dollars with a traditional bank.

Its funny that people are trying to lock in a higher CD rates now, but in reality according to some analysts we haven’t even begun to see the high CD rates yet. As things get tougher in the economy, more banks will be raising the bar. So most analysts say to go with a short term CD rate. Maybe a 3 month to 1 year term. Its your money though so ultimately its up to you.