Bangor Banking Rates > CD Rates

Bangor CD Rates

Putting aside money for your overall financial well-being-and of course, retirement-is something most of us pay a lot of attention to. One of the most popular investment vehicles is a cd, or certificate of deposit. Bangor Banking Rates could help you find the best CD rates so that you can make the most out of your hard-earned cash.

We could also help you find the best money market rates if you prefer money markets to CDs, or just want to have money in both. Your money should be making you more money, so that you can enjoy everything Bangor has to offer, like the annual Soapbox Derby and American Folk Festivals.

Current Bangor CD Rates News

03/16/10

How high will bond rates go?

The central bank is slowly but surely ending its so-called quantitative easing program -- propping up the housing and credit markets through the purchase of ...

03/16/10

Fed to Keep Rates Low for 'Extended Period'

Thomas M. Hoenig, the president of the Federal Reserve Bank of Kansas City, dissented, as he did in January, when the committee last voted. ...

Best Bangor CD Account Rates

Featured Rate		Bank / Credit Union	Account Type
2.05% As of March 11, 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

See All 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.

Types of Investment Income

The most difficult, and important, decision to make when investing your hard-earned money is which type of investment account should you choose. Certificate of deposits mature at a fixed rate on a fixed length of time, so you know what you’re getting up front. Mutual Funds may give a higher return, but are risky because they rely on the success of the stock market and the choices of the firm doing the investing on your behalf. Be sure to do your research on Bangor Banking Rates before you decide.

Common types of investment income accounts:

Certificate of Deposits (CDs)
IRAs
Savings Bonds
Stock and Mutual Funds
Money Market Accounts (MMAs)

No matter what type of investment you decide to make, or even if you’re just seeking more information to help you make the right decision, Bangor Banking Rates can help make that decision easier.

Submit your information today to learn more and see available rates for CD rates and investments.

Best CD Rates, IRAs and Investments in Bangor

Bangor 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 Bangor 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. Bangor Banking Rates has relationships with many banks to maximize the potential of finding the best rates.