Highest Oregon CD (Certificate of Deposit) Rates

Any investment is a risk but there are some ways on how and where you can have a lower-risk investment; that is what a certificate of deposit or CD is all about. Finding the best OR-Oregon CD (Certificate of Deposit) Rates will need a little consideration and careful planning. You have to consider the terms and conditions of your CD as well as rate. Higher rates may mean more income but also more risks. The higher the risks, the higher the rates will be.

Compare the Best CD Rates in Oregon

Account Type:
Certificates of Deposit
Amount:
Term:



How to Find the Best Oregon CD (Certificate of Deposit) Rates

Individuals looking for an investment that can promise them greater stability than the stock market always opt for CDs. CD is a time deposit where you agree to keep your money with the issuer which could be a bank, a brokerage firm or any other credible financial institution with a certain amount of Oregon CD (Certificate of Deposit) Rates in return. Withdrawing out cash from the initial fund is not allowed to the investor before the term expiration. Aside from the stability, this is the option of a lot of investors since they are FDIC-insured. A CD can be insured up to $250,000 so even if the bank fails to make the agreed payment to you, the insurance will take good care of your account. There are varying types of CDs but most of them set a maturity or expiration date for a CD which means that the money cannot be accessed before the agreed withdraw date.

Shopping and comparing are the first two steps you need to do for you to find the best Oregon CD (Certificate of Deposit) Rates. As much as possible have as many choices on your list; this will give you a greater probability of finding an excellent rate. Banks or firms offer varying Oregon CD (Certificate of Deposit) Rates and this is where the importance of shopping and comparing enters the scene. The interest rate approved for you depends on how much you are willing to invest and how long you can wait before you have a full access of your money. If you have the resources and likes higher Oregon CD (Certificate of Deposit) Rates or yields then you may want to go for a jumbo CD. This type of CD is requires an investment not lower than $100,000.

The traditional CDs do not allow the investor or depositor to withdraw money from their account but there are some banks which offer CDs that can be accessed even before its expiration. Along with this access though comes a fine or penalty. Experts though do not really recommend this kind of investment for you might even lose more than what you have earned from the accumulated interest of your account. This is where laddering can be an option. One can buy several short term CD's that can either be withdrawn or rolled into a new CD. You earn a little but earning is stable and that you can use your money with just a very short waiting time.

Investing with CDs is something which should be well-thought of. If you have not tried investing on a CD before, better talk to an expert. You sure can make an inquiry with online banks but talking personally with an expert still is the best thing to do since you can have all the answers to your questions. Online banks usually offer higher rates but have a careful checking when you opt to invest with one. Make sure that it is legitimate and is accredited with FDIC to ensure safety of your money. Local and regional banks can also be a good spot for you to get a good CD or you may check for some brokerage firms as well.

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


CDs Guides