Certificates of deposit are a popular choice with investors because they usually offer higher interest rates than regular savings accounts. Of course, not all CD rates are just as good as other deposit accounts.
Mankato Banking Rates compiles rates data from a database of over 3,000 banks and credit unions to bring you current CD rate information and help you find the best accounts.

CD rates can vary greatly depending on the term and location of the account. Don’t settle on the first rate you’re offered; researching the rates from all the banks and credit unions in your area will likely result in finding competitive offers you never knew existed.

Finding the best CD rates takes a lot of time and effort. Mankato Banking Rates wants to do all the work for you, by researching all the financial information resources we have at our disposal. A CD rate or money market rate that really grows your investment will allow you to relax, and spend your time enjoying local
heritage, like an afternoon in the Land of Memories Park.

Mankato 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.

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 Mankato Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.