Sentences with phrase «cd at a better interest rate»

Then, you can reinvest the money into a longer - term CD at a better interest rate and continue doing the same thing each time one of your CDs matures.

Not exact matches

The borrowers would benefit from Lending Club's lower rates compared to the high interest and fees they were paying to banks on their credit card bills; at the same time, investors would earn better interest rates than on CDs from a bank.

Sallie Mae offers better interest rates for this option, and unlike a CD, your money will be accessible at any time.

You can find CDs at a traditional bank but an online bank is likely to offer a better interest rate on what you save.

CD investors may be reluctant to invest too much money at one time, especially if better interest rates may be available later.

This is no worse than getting a long - term CD cashed at a typical bank or credit union (and somewhat better, if the respective interest rates hold).

You can also automatically renew your CD, which will take all your compounded earnings and start them over in a new CD of your choice with Ally's current APY Choosing this option means having a potentially higher deposit at your disposal, qualifying you for a better interest rate.

CD investors may hesitate to invest too much money at one time, especially if better interest rates may be available in the near future.

I think that at the moment CDs are a bit of a mug's game though because you'd hardly find one that offers better interest rates than some of the few savings accounts that still offer 1 % + interest.

Back in the Jimmy Carter period when interest rates were very high indeed I found a situation where my company Credit Union was seriously lagging behind in raising their lending rates and would make me an unsecured loan at interest rates that were well below those being offered on CDs by banks and brokerages.

After all, the electricity savings will provide homeowners a better ROI than a five - year certificate of deposit (CD) at current interest rates.

RateNet features graphs of current and historical interest rate trends, plus indexes that track interest rate movement for such products as mortgages, CDs, and credit cards as well as rates at several institutions such as banks and credit unions.