Melbourne is home to thousands of retirees who moved here from colder northern states. You probably see them every day, enjoying their golden years in the warm sunshine. Have you thought about your retirement? It will be far more secure if you put aside money in investment vehicles like CDs. Before you start, however, check in with Melbourne Banking Rates. We could help you find the best CD rates on the market.
Perhaps you prefer money markets to CDs. Melbourne Banking Rates could help you there too, by finding strong money market rates. Find out what we could do for you today.
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
1.90% As of July 23, 2010 |  View Rate Details |  Discover Bank | CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
1.00% As of July 26, 2010 | View Rate Details | Coastal Bank | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
Melbourne 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 Melbourne 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. Melbourne 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 Melbourne Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.
Check Rates in These Cities Near Melbourne: | Serving the Following Melbourne Zip Codes: | |||||||||||||||
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| 32901 32902 32903 32904 32905 32906 32907 32908 32909 32910 32911 32912 32919 32934 32935 32936 32937 32940 32941 32951 |
Other Melbourne Specials: Melbourne Insurance Rates