Fort Worth Banking Rates > CD Rates

Why High Yield CDs are Becoming Harder to Find

The current state of the economy is to blame as to why high yield CDs are becoming harder to find these days. In general, the interest rate is determined by a slew of factors but the mostinfluential one is the rate set by the Federal Reserve. The Federal Reserve has the responsibility of taking steps to help ensure the stability of our economic infrastructure. One of the tools they utilize is the short-term interest, which gets tweaked according to market conditions. The short-term interest rateaffects the cost it will take banks to borrow money from other banks.When the economy is healthy, interest rates go up to fend off inflation. When the economy is slowing down, like during a recession, the Feds lower the interest rates to stimulate more big business in hopes of a trickle down affect.

Currently the U.S. economy is in a recession and the short term interest rates have been lowered. This is great news for those who are in the position of borrowing money, as the banks are lowering the rates it charges consumers to borrow money. But what is good for the borrower, does not necessarily help the investor as the interest rate for deposits has also been lowered.

High yield CDs are becoming harder to find because the Federal interest rate is at its lowest point and banks cannot afford to pay out too much profit on earnings as they will not be able to properly balance their own books. As the economy steadies, expect to see the options for high yield CDs flourish.

For years diversifying your investments with a high yield CD was an easy tactic for investors. All you would have to do was stroll to your local bank branch or conduct a search on the web for “high yield CDs” and dozens of options with healthy interest rates were quickly provided. However, trying to locate a high yield CD now is more like searching for a needle in a haystack.

Current Fort Worth CD Rates News

03/09/10

Baltic Trading's IPO Raises $228 Million at Low End

The ships will compete for cargoes in the spot market rather than seeking longer-term deals at fixed- charter rates, according to its filing. ...

03/09/10

Strike up 'Pomp and Circumstance': Graduation rate takes 3 percent jump

State and city officials attributed the rise in graduation rates to better programming for students to keep them engaged in the classroom, ...

Best Fort Worth CD Account Rates

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
2.00% As of January 12, 2010	View Rate Details	Vision Bank - Texas	CD Account
1.91% As of February 8, 2010	View Rate Details	Local 20 Ibew Credit Union	CD Account
1.81% As of March 1, 2010	View Rate Details	American Airlines Credit Union	CD Account
1.80% As of October 22, 2009	View Rate Details	Ben E Keith Company Employees Credit Union	CD Account
1.76% As of March 4, 2010	View Rate Details	Member Preferred Credit Union	CD Account

	Rate Change	Date
Natural Resources Conservation Serv Credit Union - 6 Month CD Account	1.26% to 1.01%	Mar 5, 2010
Opportunity Bank - 6 Month CD Account	1.30% to 1.10%	Mar 5, 2010
Member Preferred Credit Union - 6 Month CD Account	1.76% to 1.76%	Mar 4, 2010
Independent Bank of Texas - 6 Month CD Account	1.15% to 1.15%	Mar 3, 2010
Fort Worth Community Credit Union - 6 Month CD Account	1.11% to 1.01%	Mar 3, 2010

See All CD Account Rates

Fort Worth CD Rates

Although your family loves and supports you, you have always been the black sheep of the group. Your lineage is from a long line of cattle ranchers and you declared your passion for the writing and stopped eating meat in the 7th grade. You are now officially a journalist for the Fort Worth Star-Telegram and need to find the best Fort Worth CD rates to start banking for your future.

You were always fiercely independent and on principal you cannot accept any money that was generated from your family’s business. By investigating and investing into an account with a high Fort Worth money market rate you won’t have to.

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 Fort Worth 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, Fort Worth 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 Fort Worth

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

CD Rates When Interest Rates are Falling in Fort Worth, TX

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 Fort Worth Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.

More From Our Partners

Recent CD Rates Articles from Go Banking Rates

Check Rates in These Cities Near Fort Worth:

Serving the Following Fort Worth Zip Codes:

Midland	Arlington	Lubbock
Highport	Longview	Wichita Falls
Tyler	Spring	Richardson
Kerrville	Abilene	Dallas
San Angelo	Brownsville	Galveston

76101, 76102, 76103, 76104, 76105, 76106, 76107, 76108, 76109, 76110, 76111, 76112, 76113, 76114, 76115, 76116, 76117, 76118, 76119, 76120, 76121, 76122, 76123, 76124, 76126, 76127, 76129, 76130, 76131, 76132, 76133, 76134, 76135, 76136, 76137, 76140, 76147, 76148, 76150, 76155, 76161, 76162, 76163, 76164, 76177, 76179, 76180, 76181, 76182, 76185, 76191, 76192, 76193, 76195, 76196, 76197, 76198, 76199

Other Fort Worth Specials: Fort Worth Insurance Rates