How do I find the highest cd rate?

[mitchtv]

right now I'm getting very little. How do I find a better rate?

[dixiegrrrrl]

1. go to

bankrate.com

[RB TexLa]

2. There are several places on the web to compare

bankrate.com

http://www.bankaholic.com/

http://ibankdesign.com/board/CD_rates_f120.html

[brendan120678]

3. Look toward a Credit Union, if you can.

They tend to have higher rates, and usually just living or working in the community qualifies you for membership.

[newportdadde]

4. bankrate.com is your best but honestly your not going to find much.

Interest rates on savings are terrible right now, CD, Savings, you name it. Our course credit card interest, car loans etc are still high but whatever.

I use to do Savings Bonds myself, Series I but in May the rate switched over to .10 fixed.. yeah thats right 1/10th of a percent fixed and the CPI portion was negative resulting in those bonds paying zero. I think its back up in the 3% range.

It is really a bad time for conservative savers.

[Statistical]

5. Bad news is the fed is artificially keeping rates low. High dividend stock may be an alternative

Interest rates are going to suck for 2009 and likely most of 2010.

High short term interest rates = reduces inflation & reduces economic growth
Low short term interest rates = increased inflation & increased economic growth

Right now growth is more important than inflation and fed will keep rates low and that is unlikely to change until late 2010 or possibly 2011.

Another option (depending on how much money you have) is to pick a basket (say 5 in 5 different sectors) of conservative stocks paying high dividends.
Verizon & AT&T are both paying 6% right now. Altria nets you 7% but not everyone is willing to go there. Then you got your classic utilities like Duke & Progressive also paying around 5%-6%.
All these are vary large companies, mostly with low debt compared to assets and long track record of making dividend payments on time for years.

Not all stocks are equal. It is possible to have low risk in equities depending on the type of equity. Not interested in massive upside in the stock? Sell covered call which limits your upside gain but provides more income to supplement the dividend. It isn't difficult to make a solid 10% with low risk with a little homework and conservative investments.

[YOY]

6. CDs bite right now.

They're laughable really.

[mitchtv]

7. thanks, I knew there would be a lot of

smartees around to send me in the right direction

[galileoreloaded]

8. Find a regional bank that is ready to fold. FDIC insured, ususally offer 2-3% higher rates.

Hope and pray. You might loose the interest, but not the principal.

They need those demand deposits.

[OffWithTheirHeads]

9. Here (see link) But I think they include MP3

http://www.billboard.com/charts/hot-100#/charts/hot-100

Sorry, my good brain said not to but my bad brain won.

[msongs]

10. we just moved ours from .o5% to 2.05%...found it on bankrate.com and it

is a local bank sort of just 30 miles away. credit union rates are generally as bad as banks around so cal.

Msongs

[mitchtv]

12. I think I found them

Irvine and/or La Jolla

[rucky]

11. Bankrate.com