Skip to content

Celebrate Social Security's birthday by pledging to vote to protect it for current and future generations. Learn more

 

How to Get Higher Interest Rates on Your Savings

You see a bank ad trumpeting a 3% interest rate and think, "Hallelujah! Finally, a certificate of deposit that will earn a decent return! " On closer inspection, though, you discover that the rate is for a home equity line of credit.

There's a reason most banks don't promote their CD rates: They're horrible. The average rate for a one-year CD last week was 0.44%, according to Bankrate.com. Most big banks are paying less than 1% on their savings accounts. Read

See also: Ways to Improve Your Portfolio

Join the Discussion

0 | Add Yours

Please leave your comment below.

You must be logged in to leave a comment.

GO TO THIS ARTICLE