A high rate CD from Bristol Banking Rates is a great way to store extra cash for a rainy day. CD’s are low risk and insured so you can start saving for that special treat you’ve been wanting for years. Whether you want to buy that new Jeep at Crowleys or an investment rental property, a great interest rate could get you started.
With your next paycheck, pass on the Bristol Commons shopping mall, and transfer the amount into an account with the best CD rate from Bristol Banking Rates. Whether you start with $10 or $1,000 dollars, each effort could make your investment grow handsomely over time.
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
1.90% As of July 23, 2010 |  View Rate Details |  Discover Bank | CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
1.81% As of July 29, 2010 | View Rate Details | Teg Credit Union | CD Account |
1.66% As of July 21, 2010 | View Rate Details | 360 Credit Union | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
A Certificate of Deposit, or CD is similar to a savings account in that it earns interest, but different in that you can set a length of time (anywhere from 3 months to 5 years) that you will not touch your savings. The reason you may choose this option is that banks typically offer higher interest rates because they know you are not going to withdraw the money. Banks can then loan your money out, and pay you a higher Bank Rate to allow you to earn even more money.
Most investing options do not require a strong credit score to become an investor. However, there are a few who do, particularly high interest rate savings accounts. Even if they do not require a credit check, it is a good idea to always remain on top of your credit.
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Bristol 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.
Many local Bristol credit unions offer competitive CD rates, money market accounts and IRAs, as do the larger national banks. If you want to get the highest interest rates, be sure to thoroughly research banks with the best offers before you make your decision. Bristol Banking Rates has relationships with many banks to maximize the potential of finding the best rates.
Check Rates in These Cities Near Bristol: | Serving the Following Bristol Zip Codes: | ||||||||||||||
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| 06010 06011 |
Other Bristol Specials: Bristol Insurance Rates