Cambridge is home to some serious companies, such as Genzyme and Analog Devices. Have you considered buying their stock? If you’d rather put your money into certificates of deposit, Cambridge Banking Rates could help you find cd rates that really grow your investment.
Or, perhaps you’d prefer to put your money in an IRA. Cambridge Banking Rates knows where to find the best IRA interest rates. Even if you don’t buy stock in Genzyme or Analog, you could still end up living like one of their executives with the help of Cambridge Banking Rates.
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
1.80% As of August 30, 2010 |  View Rate Details |  Discover Bank | CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
1.65% As of September 1, 2010 | View Rate Details | Needham Bank | CD Account |
1.30% As of August 31, 2010 | View Rate Details | Brookline Bank | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
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.
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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 Cambridge Banking Rates before you decide.
Common types of investment income accounts:
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, Cambridge Banking Rates can help make that decision easier.
Submit your information today to learn more and see available rates for CD rates and investments.
Cambridge 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 Cambridge 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. Cambridge Banking Rates has relationships with many banks to maximize the potential of finding the best rates.
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 Cambridge Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.
Check Rates in These Cities Near Cambridge: | Serving the Following Cambridge Zip Codes: | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 02138 02139 02140 02141 02142 02163 02238 02239 |
Other Cambridge Specials: Cambridge Insurance Rates