Increasing Your Certificate of Deposit Interest Rates

For today, we have rounded up some articles from around the net that can help you Maximize Your Interest Rates. Here are some summaries:

CD Investment Alternative -- Peer-to-Peer lending: In the traditional banking system, banks "buy" your money for the rate they pay you on your checking, savings, and CD deposits (currently somewhere between 1-5%). They then "sell" your money as loans to borrowers at the going market rate for loans. The bank then takes the difference to cover its costs of operation and keeps the remainder as its profit.

In peer to peer lending, the Lender and Borrower cut out the bank as the middleman. This gives the borrower a chance at a lower interest rate on their loan as Lenders compete with each other to make loans to borrowers...

Did you know that IRAs can hold CDs (Certificates of Deposit): There are free sources of rates such as Bankrate.com and fee based services such as ours that call banks and credit unions looking for high rates. You can also search the internet using one of the three main search engines such as Google, Bing, or Yahoo. Each of them has a search bar where you can type certain key words such as "best ira cd rates" or "best ira certificate of deposit rates". ..

Go here to view these articles and more High Bank CD Interest Rate Information.

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