Best CD Rates

Through this site you have heard us speak about long term and short term cd rates. Today the 6 month cd rates come into play. What are the advantages and the disadvantages for this period of bank cd when you are signing up for this one? Let me make it clear that the best cd rates by far are those which offer something for you of value that you really shouldn’t have to second guess. With certificate of deposits as low as they are it really comes down to what bank is willing to offer the highest pay out for the shortest period of time.

The 6 month cd rates currently being offered by most banks lack in that they are low paying. The future is unpredictable, but we do know that cd rates being offered by banks don’t look like thy could go much lower than they already are. Obviously your looking at getting a higher payout on a CD that is for 6 months than for one that is 3 months we can tell you that. As far as how well you get locked in, now that is another story.

Are 6 month cd rates worth it then? Depending on who you are then yes they can be. Remember it all comes down to how long you are willing to wait to see if things will change. If you are satisfied with locking in to a longer term CD then go ahead, but if you want to stick to short term until we get out of an ugly economy then go with a 3 month or 6 month CD.

Being now one of the biggest banks, how does Wachovia cd rates match up with other banks cd rates like GMAC and Bank of America? Wachovia has been looking good lately and thats obvious by their 5 year cd which boasts a high return for those that can afford to fork out the $5000 at that nice rate. One of the best cd rates to add to our list? I think so.

For those who are looking for something a little shorter and not wanting to be tied down, you may want to try something else. Your going to fork out money no matter how you look at it whether you go for the nice paying Cd interst rate with a minimum of $2000 investment. As i mention last time though, you really don’t want to be stuck in a long term cd. Thats solely my own opinion. You have to choose whats best for you though.

Wachovia cd rates are definitely some of the best cd rates around, but there is a weighing factor just like anywhere else you go, and thats how long you are willing to stay tied down to a particular plan once you sign the dotted lines. Be sure however to check with your local Wachovia for the current cd rates to be sure.