Finding the best bank CD rates are a great way to invest your money if you are looking to indroduce some stabability into your investment portfolio. Investors often turn to Certificates of Deposit or CDs when the market become uncertain and difficult. These special accounts which lock away your money for an extended, predetermined period of time give steady and reliable returns. Finding the best bank CD rates is not a matter of which bank you go to so much as it is a matter of what time you decide to open one. Because the economy goes in cycles, opening a CD account must be timed in a similar manner to buying a bond. Opening a CD during a recession is bad idea because of the low interest rates established by the FED during these times. The FED does this in order to boost consumer spending which often means you can get a higher rate of return by riding the stock market back up as the economy recovers. However, if the economy is beginning to show signs of overheating such as inflation and excess lending, then the FED will boost interest rates in order to stem consumer spending.

This is the best time to open long term CD account at the highest rate possible. As consumer spending slows, the FED will undoubtablely decrease interest rates and your CD will become a very valuable asset. The risks of opening a CD account are very low and as a result the returns for such an account are also going to be quite average. One of the biggest risks of opening a CD account is the fact that there is a pentalty for early withdrawls. This means that if you lose your job and need some extra cash to tide you over, you will lose money in the form of withdrawl penalties. If you must liquidate your investments in order to survive try to find the best bank CD rates, and liquidate them last. The best way to work with CDs is to include them in a well balanced portfolio. CDs add a level of stabability to your portfolio, something that is extremely important for those who are nearing retirement age. Another factor to consider when trying to attain the best CD rate possible is the length of the CD. Longer CDs may give you a higher rate of return, but you lose the right to move that money and use it in other ways. If your money is in a CD, then you cannot use it at all.This means that if a better investment vehicle becomes avialible while your money is gathering interest in a CD, you will be unable to take advantage of it. The higher rates offered by banks for longer CDs are in place in order to offset this risk. In my opinion, a CD is a viable method of investing cash only if you feel that interest rates have peaked, and you know that you are not going to use the invested sum for a long time.

I find that United Americas Bank in Atlanta, Georgia, has the best Certificate of Deposit rate. The rate is 2.09 for a 1 year CD. The minimum deposit is $10,000 for a 3 month CD. The best bank is MetLife Bank in Bridgewater, New Jersey, the rate is 1.29. The minimum deposit is $25,000. For a 6 month CD the best bank is also the United Americas Bank in Atlanta Georgia. The rate is 1.59. The minimum deposit is $10,000. For a 2 year CD the best bank is Main Street Bank in King wood Texas. The rate is 2.27. The minimum deposit is $10,000. For a 5 year CD, which are the best bank CD rates offered by Goldwater Bank in Scottsdale, Arizona. The rate is 3.50. The minimum deposit is $50,000 For a 1 year jumbo CD the best bank is in Birmingham, Alabama. The rate is 2.08. The minimum deposit is $100,000. '154' For a 5 year Jumbo jumbo CD the best bank is UmbrellaBank.com in Birmingham, Alabama. The rate is 2.68. The minimum deposit is $15,000.

Choosing the best bank CD rates can be difficult, and frustrating. You can spend hours online searching for the highest yielding CD to put your hard earned money into. Or you may just go to one of the more popular banks to avoid the detective work. The best yielding CD rates that I have found are by far with BestBank. They offer a 1.20% APY on a 7 month CD, and 1.50% APY on a 13 month CD. This by far beats other popular banks annual yield, such as Bank of America who currently offers a 1.00% APY on all CD's that they offer. Thats 33% less than BestBank offers. Other banks offer really high CD rates such as 4.0%, but the catch is that there is a minimum amount you must deposit and these rates are usually accompanied by 84 months of your money being tied up into the CD. If something goes wrong and you need that money soon, its all tied up for 7 years versus 7 months. Plus with a length of 7 years for a rate such as 4.0% you might as well keep putting your money into the 7 or 13 month CD's, so that the money is available in a somewhat shorter time frame if you ever need it. With the state that the economy is in today it is extremely risky tying your money up for that long. So in short after all of my research BestBank seems to offer the best rates and the safest way to go.