| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
2.05% As of February 8, 2010 |  View Rate Details |  Discover Bank | CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
Dorchester CD Rates
Are you a new parent? If so, you’ve probably wondered how you’re going to pay for your child’s college education when that day arrives, 18 years from now. Everyone knows that the price for higher education has gone through the roof – with no sign of stopping. Get prepared now, by making smart investments. Dorchester Banking Rates could help you find the best CD rates available so your money will grow, allowing you to send Junior to the college of his choice.
CDs aren’t the only way in which to invest your money, of course. Dorchester Banking Rates could also help you find bond rates and IRA rates that will give you a strong return on investment.
Current Dorchester CD Rates News
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Best Dorchester CD Account Rates
Your Credit and CD Rates
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.
Get a free credit report today.
Best CD Rates, IRAs and Investments in Dorchester
Dorchester 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 Dorchester 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. Dorchester Banking Rates has relationships with many banks to maximize the potential of finding the best rates.
CD Rates When Interest Rates are Falling in Dorchester, MA
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 Dorchester Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.
Check Rates in These Cities Near Dorchester: | Serving the Following Dorchester Zip Codes: | |||||||||||||||
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| 02121, 02122, 02124, 02125 |
Other Dorchester Specials: Dorchester Insurance Rates