CD Rates When Interest Rates are Falling in New York, NY
Looking to make a solid and secure investment? With real estate bottoming out and stocks up and down, many Americans are turning to CDs. CD rates in New York are higher than the national average, which means it can be a great investment for you.
New York Banking Rates Can Help You
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. The most important thing to factor in, besides the amount of your deposit, is the interest rates.
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 New York Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.