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What are CD interest rates and how can you tell which is the best one?

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Answer:

Interest rates for Certificates of Deposit (CDs) are the rate at which your term deposit gains interest. Usually the best one is the biggest, but watch out for banks that may compound the interest at different intervals.

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Relevant answers:

Where can you find the best CD interest rates?
CD rates refer to Certificate of Deposit rates. To find the best CD interest rates in your area, you should should speak to a financial adviser or contact your local bank representative.
What bank has the best CD interest rates?
According to BankRate, the bank with the best CD interest rates is MetLife with a rate of 1.3%. However this requires a minimum deposit of $25,000. The highest interest rate available without a...
How can you find the best CD interest rate?
The website Bankrate was able to list the best CD interest rates. Metlife offers a 1.290% interest rate, E-Loan offers a 1.250% interest rate, and Aurora Bank offers a 1.200% interest rate to name a...
How can you get CD interest rate?
You can get a CD interest rate by applying for one through one of several websites. You should investigate different rates before making a final decision.
How can you compare CD interest rates?
Contact your local banks to ask about CD interest rates. They should be able to give you an instant quote at what current interest rates are at. Make sure to check about details associated with the...