Jacksonville CD Trends

The financial market has gone through lots of changes in the past few years.  One example is the interest rates on Certificate of Deposits. Before the financial collapse, CDs were offered with Jacksonville interest rates as high as 5 percent.

Since 2008, it’s been difficult to find rates above 2.5 percent.  CDs were a great option when those interest rates were hitting their peak.  So are they still worthwhile?

In short, yes and no.

Many financial experts believe CDs are a good investment option if you can find an interest rate above 2 percent. Many banks offer rates below 1 percent, and in that case, financial experts agree that a CD is not the best place for your money.

But there are still banks offering competitive interest rates on CDs and Jacksonville Banking Rates can help you find them.  If you find a rate worthwhile, you can get in touch with the bank immediately and start investing today.