We were looking for CD rates lately as we had to park some money temporarily. For us rate of return was not as important as the liquidity of the investment. This was the money set aside for forthcoming home buying. We did compare CD with other form of investments, below is a summary for you. Pros and cons of CD Accounts compared to other forms of investments Pros: 1. Relatively safer than stocks/bonds 2. More liquid as compared to stocks/bonds 3. Higher rate than Savings accounts 4. Higher rate than MMAs Cons: 1. Penalty applies if I withdraw before term completion, essentially money is locked 2. Lesser growth as compared to historical bond/stock growth Now, since as per our plan we will look for our new home in about a year, we could afford to open a CD for 12 months without getting worried for early withdrawal penalty. The result of our CD rate search helped me put up this rate chart. I will keep it updated at least once every month. This is for you to take advantage of. Not that other reputed sites do not have CD rates, but for some reason the reputed sites do not always

