Highest North Carolina CD (Certificate of Deposit) Rates

If you are looking for a safe way to invest your money then you may want to consider going for certificate of deposit or CD. If you are a first time CD investor, here are the basic information about that could be very helpful to you along the way. Finding the right NC-North Carolina CD (Certificate of Deposit) rates will take some effort. However all these are worth your time and energy if you get the best deal for your money.

Compare the Best CD Rates in North Carolina

Account Type:
Certificates of Deposit
Amount:
Term:




Finding the right North Carolina CD (Certificate of Deposit) Rates for You

Certificate of deposit or CD is a more stable kind of investment. While you tend to lose your principal investment when you buy stocks, with a CD this is not likely to happen unless there are some violations committed by the investor with regards to the contract with the bank or credit union. The good thing about certificate of deposit is that your money is insured by Federal Deposit Insurance Corporation (FDIC) so even if the bank you invested on might declare failure or bankruptcy you would not lose a single cent on your money. There are several types of CD's but the conventional ones always have fixed interest rate with a maturity date.

When looking for the best North Carolina CD (Certificate of Deposit) Rates, it is important that you make a comparison. Doing so will help you find the kind of rate you desire. There really is no universal and standard basis of what a good CD rate really is. The interest rate one can enjoy depends on how much and what type of CD he invests on. Generally, a certificate of deposit which is lower than $100,000 is termed small CD's while that which is higher than this said amount is a large or jumbo CD. Typically, jumbo North Carolina CD (Certificate of Deposit) Rates are higher but the term still is the main factor that tells how much one can really earn from it.

Different banks have different offers to it is important that you shop around to get the best deals and offers. There are some banks and other financial institutions which offer risk-free CD's; they do offer their investors the option of drawing out the fund from their CD even before the maturity date comes while there are some which allows their depositors to make additional deposits to their principal during the term of the CD.

The advantage of finding the a fair to good North Carolina CD (Certificate of Deposit) Rates is that the investor is assured of the earning and that the principal is on the safe side. Aside from shopping for the best North Carolina CD (Certificate of Deposit) Rates, is the insurance accreditation of a bank. An insurance amount of up to $250,000 is given to the CD by the FDIC and a bigger amount is actually given to trusts and joint accounts. One place you can find competitive rates is the World Wide Web. A four to five annual percentage rate is the considered competitive rate on the current market.

There is a seen negative side of CD's though. A large amount of investment is usually needed and should be kept for a longer period of time and with the unpredictable trend in the market this could be very risky. As a strategy to avoid being tied up with low rates, most investors nowadays opt for laddering their CD's which means that they can open several small term CDs with different terms that they can roll into a new CD when maturity date is reached.

If undecided on what type of CD you're investing on, talk it out with an expert so you can get the best advice and options.

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
0.16
-
0.16


1 Yr CD
0.26
-
0.26


1.5 Yr CD
0.32
-
0.32


5 Yr CD
1.00
-
1.00


CDs Guides