Times have been tough recently in Danville, what with the textile mill closing and many people losing their jobs and moving away. Hard times are why many people put away cash into savings and investments, like CDs. Danville Banking Rates could help you find cd rates that will grow your investments. At the end of the day, you’ll sleep better knowing that your money is working for you.
The best cd rates aren’t some myth that no one ever really gets to experience. Let Danville Banking Rates search for them for you. You’ll be glad you did.
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
1.90% As of July 23, 2010 |  View Rate Details |  Discover Bank | CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
2.02% As of July 26, 2010 | View Rate Details | Bcbsnc Credit Union | CD Account |
1.26% As of July 26, 2010 | View Rate Details | Greensboro Health Care Credit Union | 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.
Danville 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 Danville 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. Danville 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 Danville Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.
Check Rates in These Cities Near Danville: | Serving the Following Danville Zip Codes: | |||||||||||||||
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| 24540 24541 24543 24544 |
Other Danville Specials: Danville Insurance Rates