There are several certificates of deposits that are issued by banks and the best of them can fetch you higher interest rates. When you Compare Bank CD rates from about more than 200 banks that issue them, you are assured of getting the best possible rates on the fixed term deposits that you believe in putting your money in.
Withdrawal of CD:
However, one must note that with the CD, there are chances that if you were to withdraw the funds before the maturity period then you will have to pay a fine for it. This will be in the form of a penalization on the interest rate that is due to you.
Higher CD rates:
The higher rates can be got based on the term of deposit. Longer the term more will be the interest that you will be able to get your way. For instance, when you Compare Bank CD rates in US the Country Bank offers 1.84% with an APY of 1.85% for a minimum amount of $1,000. The person must have a checking account with the bank and a monthly average balance of $1000 and a monthly direct deposit to be able to avail of the CD.
The AmTrust Direct offers 1.39% for a six month period and the APY is 1.4% for an amount of $1,000. When you Compare Bank rates, you must determine whether you want to find these out nationally or within a particular state. Also the period for the CD could start from one month to 5 years and the amount from $1000 to $25,000.