Attending the College of Charleston is an investment in your future, since you’ll be relying on that good education for the rest of your life. But you don’t have to major in economics to know that making smart financial investments is crucial to your future as well. Charleston Banking Rates could help you here, too, by helping you find the best cd rates, for example.
If you’re looking for the highest rates on CDs then Charleston Banking Rates is the place to begin. Our network of financial experts is here to help you grow your savings today.
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
1.80% As of August 30, 2010 |  View Rate Details |  Discover Bank | CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
1.15% As of August 25, 2010 | View Rate Details | First Federal of South Carolina, FSB | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
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.
Charleston 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 Charleston 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. Charleston Banking Rates has relationships with many banks to maximize the potential of finding the best rates.
A clear advantage of investing in CD‘s is that CD Rates are fixed, meaning you lock in an interest rate for the entire term of the CD, and it does not change. When interest rates are dropping, your CD stays at a higher rate. If you money is in a savings account, or interest paying checking account, your interest rate will drop daily, if rate are falling. Learn from Charleston Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.
Check Rates in These Cities Near Charleston: | Serving the Following Charleston Zip Codes: | |||||||||
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| 29401 29402 29403 29404 29405 29406 29407 29409 29410 29412 29413 29414 29415 29416 29417 29418 29419 29420 29422 29423 29424 29425 29492 |
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