CD are a great way to save your money. If you can commit to a few months or to a year, you can earn higher interest rates on these accounts than on traditional savings accounts. Thus, you can earn a sizeable amount of money just by agreeing not to spend your money for certain amount of time. You never know where you will find the best interest rates on CDs. This is why you need to look around before it comes time to signing on the dotted line with any one financial group. The following are three of the best places to turn when looking for solid rates on CDs.

The first thing you need to do is head online. Often, you can compare CD rates with the flick of the finger just by using price comparison websites. The Internet is an invaluable tool when it comes time to invest in a CD. You can research rates, promotions, and deals offered by financial groups around the world.

Next, talk to your local bank. They may have CD rates that are exclusive to existing customers. Visit the bank’s website and call up the group so that you can talk to representatives. You never know what your local bank will offer you. Similarly, credit unions tend to offer sales and promotions on different types of CDs. It pays to look into such local organizations.

Lastly, look into credit card companies and see what they have to offer you. Many groups nowadays offer a variety of CDs with competitive rates. Thus, pay the companies’ websites a visit to see what their current CD rates look like. Sign up for mailing lists so that you can hear about great deals as they happen.

You never know which group will have the best CD rates. The market is always changing. Additionally, groups run promotions and sales for short periods of time. This is why you have to poke around and do you research so that you know what to expect for different types of CDs. Soon, you will know doubt find the best CD rates available and can earn money just by saving money! This is an investment that is easy, reliable, and certainly beneficial!