Highest California 24-Month CD Rates: September 2011
It seems as though deposit account rates are just getting worse and worse, which makes finding a decent California CD rate feel near impossible. Luckily, there are still financial institutions in the area that are providing excellent CD rates if you know where to look.
This is especially true for 24-month CDs in California, which tend to offer the best rates.
About 24-Month CDs
Certificates of deposit come in a variety of terms, which refers to the amount of time your money remains on deposit. Choosing a 24-month term is considered to be more of a long-term approach to investing in a CD. There are many of reasons why you may decide on a longer term of 24 months.
The top reason, however, is that a long-term CD often allows you to earn a better interest rate. This is because banks and credit unions try to encourage account holders to keep their money on deposit longer.
That means if you want to earn a higher interest rate and importantly, don’t mind remaining hands-off your account for a full 2 years, a 24-month CD is a great choice.
Best 24-Month CD Rates in California
If you’re interested in investing in 24-month CD account near you that also offers a competitive rate, check out the banks and credit unions below:
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Please note these rates are accurate as of September 7, 2011, but are subject to change at any time. Further, you may be subject to additional terms and requirements. Please check with individual financial institutions to verify rates before opening an account.