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.
Encino 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. 
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
|
1.10%
As of May 14, 2012
|
 |
CIT Bank
|
CD Account |
|
1.09%
As of May 15, 2012
|
|
Ally Bank
|
CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
|
1.45%
As of March 22, 2012
|
View Rate Details | First Federal Bank of California | CD Account |
|
1.36%
As of May 16, 2012
|
View Rate Details | F & A Federal Credit Union | CD Account |
|
1.20%
As of May 7, 2012
|
View Rate Details | EH National Bank | CD Account |
|
1.16%
As of May 8, 2012
|
View Rate Details | Broadway Federal Bank, F. S. B. | CD Account |
|
1.10%
As of April 30, 2012
|
View Rate Details | C B S Employees Credit Union | CD Account |
|
1.01%
As of May 3, 2012
|
View Rate Details | Balboa Thrift and Loan Association | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
| Certified Credit Union - 6 Month CD Account | 1.00% to 0.30% | May 14, 2012 | |
| Manufacturers Bank - 12 Month CD Account | 0.20% to 0.15% | May 10, 2012 | |
| Premier America Credit Union - 12 Month CD Account | 0.75% to 0.70% | May 9, 2012 | |
| Priority One Credit Union - 2 Year CD Account | 0.88% to 0.82% | May 9, 2012 | |
| Broadway Federal Bank, F. S. B. - 2 Year CD Account | 1.26% to 1.16% | May 8, 2012 | |
| EH National Bank - 12 Month CD Account | 0.65% to 1.04% | May 7, 2012 | |
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.
Encino is home to thousands of retirees who live here for the mild weather. You probably see them every day, enjoying their golden years in the warm sunshine.
Have you thought about your retirement? It will be far more secure if you invest in things like CDs. Before you start, however, check in with Encino Banking Rates. We could help you find the best 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.
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 Encino Banking Rates before you decide.
Encino 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.
