When you think about your financial future, do you think long term or short term? Do you look ahead to retirement or wonder how you’re going to make rent next week?
Instead of thinking about one of those two extremes, why not look ahead a year or two? You can achieve a lot with a smart investment–like a 24-month CD. Buying a new car, putting a down payment on a house, those are the big financial dreams that can be yours. 
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
|
1.10%
As of May 14, 2012
|
 |
CIT Bank
|
CD Account |
|
1.09%
As of May 15, 2012
|
|
Ally Bank
|
CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
|
1.45%
As of March 22, 2012
|
View Rate Details | First Federal Bank of California | CD Account |
|
1.36%
As of May 16, 2012
|
View Rate Details | F & A Federal Credit Union | CD Account |
|
1.20%
As of May 7, 2012
|
View Rate Details | EH National Bank | CD Account |
|
1.16%
As of May 8, 2012
|
View Rate Details | Broadway Federal Bank, F. S. B. | CD Account |
|
1.10%
As of April 30, 2012
|
View Rate Details | C B S Employees Credit Union | CD Account |
|
1.01%
As of May 3, 2012
|
View Rate Details | Balboa Thrift and Loan Association | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
| Certified Credit Union - 6 Month CD Account | 1.00% to 0.30% | May 14, 2012 | |
| Manufacturers Bank - 12 Month CD Account | 0.20% to 0.15% | May 10, 2012 | |
| Premier America Credit Union - 12 Month CD Account | 0.75% to 0.70% | May 9, 2012 | |
| Priority One Credit Union - 2 Year CD Account | 0.88% to 0.82% | May 9, 2012 | |
| Broadway Federal Bank, F. S. B. - 2 Year CD Account | 1.26% to 1.16% | May 8, 2012 | |
| EH National Bank - 12 Month CD Account | 0.65% to 1.04% | May 7, 2012 | |
If you’re in search of the best 12-month CD rates available today, you should begin by comparing the rates from local financial institutions near you. Generally, community-oriented banks and credit unions are in a better position to offer more competitive interest rates on deposit accounts.
April is here, and it’s a great time to ramp up your savings to prepare for summer by finding the highest interest rates in Palos Verdes.
Palos Verdes Banking Rates has compiled a list of the best interest rates in the city for savings accounts and certificates of deposit. Find out if your accounts measure up or if it’s time to open a new one with a better rate.
CD rates can vary greatly depending on the term and location of the account. Don’t settle on the first rate you’re offered; researching the rates from all the banks and credit unions in your area will likely result in finding competitive offers you never knew existed.
There are many start-up companies in and around Palos Verdes, especially ones related to aerospace. If you haven’t had the chance to invest in one of these companies yet, you may want to consider putting your money into CDs. Palos Verdes Banking Rates could help you find the best CD rates.
Palos Verdes Peninsula Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.
A clear advantage of investing in CD‘s is that CD Rates are fixed, meaning you lock in an interest rate for the entire term of the CD, and it does not change. When interest rates are dropping, your CD stays at a higher rate. If you money is in a savings account, or interest paying checking account, your interest rate will drop daily, if rate are falling. Learn from Palos Verdes Peninsula Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.
