Source:
Informa Research Services
(10/15/2010) This
week, the national average rate on 12 month certificates of deposit dropped to
just 0.75% from 1.20% exactly a year ago, according to Informa Research
Services’ Interest
Rate Review.
While deposit rates have continued to fall steadily for a number of weeks now,
financial institutions both large and small typically offer promotional rates to
win new customers. Â The easiest and most efficient way to find these rates is to
look online on sites such as ERATE.com.
ERATE.com offers two ways of finding the right product for your money. Â One option is to
simply look in your area and see what local financial institutions are offering.
For this, only a zip code and an account type are needed to search for savings
rates.
The
second option requires slightly more detail, but can result in more options for
stashing your cash. Â This search option requires a zip code, an amount of money,
an amount of time, and various product types. Â This may be a good idea for
someone who wants the best
rate,
but has some flexibility as to what kind of product they are looking
for.
Either
search will bring back offers from various financial institutions, all without
the hassle of trying to gather the research yourself. Â With just some basic
non-personal information and the click of a button, you can quickly locate the
best savings rates currently being offered!
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Don't
waste your money on these financial services
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Manage Debt While Unemployed
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Hurricane Season: Prepare Your Finances
Deposit
Rates Continue Slow Steady Decline
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