First, many people just like investing in short-term CDs. Investing in 6-month CDs would have returned an average rate of 4.367%. If you opted for 1-year CDs then the average rate would have been 4.769%. At this point, 6-month rates and 1-year rates are quite a bit above the historical averages. Historical CD rates for 3-year CDs have been 5.071%, 4-year CDs have been 5.170%, and 5-year CDs have been 5.383%. This means the short-term treasuries have a higher yield than the longer-term. Historically, a drop in rates has followed an inverted yield curve. Certificate of deposits with longer maturity periods pay higher rates than those with shorter maturities. Regardless of the reason, all types of investors want to earn the highest CD rates ie, best CD rates. Before purchasing CDs that offer best rates, customers need to consider two factors, the length of the maturity period and the current interest rate environment. The investor foregoes alternative courses of investment. For all these risks that investors experience, banks pay best CD rates on such units. Similarly bulk buying also fetches investors best rate because banks may insist on meeting minimum requirement for offering best rates. When looking at Best Bank CD rates, it’s important first to understand where this bank operates primarily, as it is not a national bank. Rates in Michigan are slightly different than those in Georgia, so we’ll list the Michigan rates here with the Georgia BestBank CD rates in paranthesis …

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