Fairbanks Banking Rates > CD Rates

Fairbanks CD Rates

The economy is clearly heading for some rough waters, so it’s probably a good idea to take a look at your financial picture. As part of your evaluation, you may want to ask yourself if you’re getting the best interest rates you can on your CD’s, money markets accounts, IRA’s and other investments. If not, Fairbanks Banking Rates could help you find the Fairbanks CD rates you’re looking for.

You work hard for your money, and when you invest it you want to be sure it works hard for you. Fairbanks Banking Rates is here to help you make that goal a reality.

Current Fairbanks CD Rates News

03/09/10

Fed tells Florida bank to raise capital or find buyer

Within 30 days, Horizon Bank also must submit an acceptable plan and timetable to the Federal Reserve Bank of Atlanta for conforming interest rates paid on ...

03/09/10

OTS lifts order on First Marblehead's bank unit

Private student loans aren't guaranteed by the government and carry higher interest rates. As the recession worsened, more customers have fallen behind ...

Best Fairbanks CD Account Rates

Featured Rate		Bank / Credit Union	Account Type
2.05% As of February 8, 2010	View Rate Details	Discover Bank	CD Account
Highest Rates Recent Rate Changes
Best Rates (APY)		Bank / Credit Union	Account Type

Bank / Account Type		Rate Change	Date

See All CD Account Rates

Your Credit and CD Rates

A Certificate of Deposit, or CD is similar to a savings account in that it earns interest, but different in that you can set a length of time (anywhere from 3 months to 5 years) that you will not touch your savings. The reason you may choose this option is that banks typically offer higher interest rates because they know you are not going to withdraw the money. Banks can then loan your money out, and pay you a higher Bank Rate to allow you to earn even more money.

Most investing options do not require a strong credit score to become an investor. However, there are a few who do, particularly high interest rate savings accounts. Even if they do not require a credit check, it is a good idea to always remain on top of your credit.

Get a free credit report today.

Types of Investment Income

The most difficult, and important, decision to make when investing your hard-earned money is which type of investment account should you choose. Certificate of deposits mature at a fixed rate on a fixed length of time, so you know what you’re getting up front. Mutual Funds may give a higher return, but are risky because they rely on the success of the stock market and the choices of the firm doing the investing on your behalf. Be sure to do your research on Fairbanks Banking Rates before you decide.

Common types of investment income accounts:

Certificate of Deposits (CDs)
IRAs
Savings Bonds
Stock and Mutual Funds
Money Market Accounts (MMAs)

No matter what type of investment you decide to make, or even if you’re just seeking more information to help you make the right decision, Fairbanks Banking Rates can help make that decision easier.

Submit your information today to learn more and see available rates for CD rates and investments.

Best CD Rates, IRAs and Investments in Fairbanks

Fairbanks 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 Fairbanks 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. Fairbanks Banking Rates has relationships with many banks to maximize the potential of finding the best rates.