Highest Louisiana CD (Certificate of Deposit) Rates

When it comes to LA-Louisiana CD (Certificate Of Deposit) Rates, banks actually offer different options. Some offer fixed rates, while there are some financial institutions offering floating rates. Which one should you choose? Is there a connection between CD rates and the date of maturity? These are just some of the question you will need to answer if you wish to purchase a CD for investment. This article will talk about fixed rates and why they are a better option.

Compare the Best CD Rates in Louisiana

Account Type:
Certificates of Deposit
Amount:
Term:



What is the Best Interest Rate for Louisiana CD (Certificate Of Deposit) Rates?

Generally, there are two types of interest rates available, fixed and variable. Fixed interests are constant and would never change even if the rates in the market fluctuate. Variable interest rates are those that go with what the market or economy dictates. It is usually based on the state economy. Like for Louisiana, Louisiana CD (Certificate of Deposit) Rates depend on what status the state economy is in. If it's good, rates go way up but if not, they go way down.

When we talk about certificate of deposits, banks give fixed terms on how long customers would want them to keep their money; it can be months or years. Most of banks give out a fixed interest rate but it depends on the period of time that customers want and sometimes, how much money you initially deposit. Usually longer periods give you a higher rate than shorter periods even if you have a high deposit. So decide on what would be a better timeframe for you. If you would like it to accrue more interest then you need to have a longer term, if not then you can go for a shorter term.

Fixed interest rates are actually better than variable because banks will certify the customer that interest rate even if the market performs poorly in the duration of the money being in the bank. It can also give the customers an idea on how much they will be earning at end of maturity where they can get their money plus the accrued interest. But let's say the institution that you chose offer variable Louisiana CD (Certificate of Deposit) Rates. A good thing that you can get from it would be if the market performs well and the interest rates are high throughout the duration of the certificate of deposit. However, once the market changes and drops, your interest rate will drop, too and less money will accrue from your initial deposit. And the bad thing is if it never goes back up until your maturity date, you will be stuck with a low interest rate, less accrued interest rate and less profit for you.

So basically, you have to find institutions that give good Louisiana CD (Certificate of Deposit) Rates. It would be your prerogative if you would want to risk your deposit with variable rates or you will be contented with a fixed rate. But just to be on the safe side, fixed Louisiana CD (Certificate of Deposit) Rates are a better option. You may not have the high interest rate when state economy and market performs well, but you will definitely avoid a low and unreasonable interest rate when it doesn't.

Don't worry about finding fixed rates because most companies offer them. You just have to compare and look for the best fixed Louisiana CD (Certificate of Deposit) Rates for you. You can get rates from your local banks or the nationwide firms, brokers, and credit unions. Just make sure that they are insured by the FDIC (Federal Deposit Insurance Corporation) to keep your investment safe.

CD Rates by State:

ONLINE SAVINGS ACCOUNT

  • No minimum balance
  • Competitive rates, No risk

MONEY MARKET ACCOUNT

  • High rates, Access to money
  • FDIC Insured

CD Types


CDs Overnight Averages

Product
Yield
+/-
Last week


3 Mo CD
0.11
-
0.11


6 Mo CD
0.17
-
0.17


1 Yr CD
0.26
-
0.26


1.5 Yr CD
0.33
-
0.33


5 Yr CD
1.02
-
1.02


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