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Topics: Bank CDs |
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| How to find the Highest Savings Rates for your Money |
Submitted by:
Tip Hero 05/15/2008 4:05 PM
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Several sites make comparing CD Rates pretty easy. Two of my favorites are BankRate.com and Bankaholic.com. Keep in mind that the banks that are offering the best rates on cds or money market accounts often don't have the most solid of balance sheets and need to offer high rates to attract deposits. Be sure these banks are FDIC insured and Never put more than the FDIC insurance limit in one bank.
Some FDIC Tips:
 To check if your bank is FDIC insured visit the FDIC's Bank Find search form.
If you have a joint signer or list a beneficiary on your account your FDIC insurance limit may double to $200,000. Be sure to confirm with the bank you are indeed covered at double the level.
Individual retirement accounts (IRAs) are insured up to $250,000 if they are held in an FDIC insured acount.
The FDIC website features an online calculator to help estimate how much FDIC insurance you have on your accounts. EDIE
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