The Salt Lake Tribune
Sunday, November 23, 2008
Take another look at CD rates
A number of banks and credit unions are offering some of the most attractive rates for certificates of deposit that I've seen in months. CDs provide an attractive way to park cash (and they are federally insured up to $250,000.) You don't need a ton of money to open a CD these days, as some financial institutions have lowered minimums to get more deposits. It pays to shop around, as rates and terms vary. If you see a really good rate advertised, ask your bank or credit union to match it.
posted by Lesley Mitchell @ 2:00 PM |

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About Lesley
   Lesley Mitchell has been a business reporter at The Tribune since 1997, covering real estate, the retail industry, personal finance and economic development. She's been a devotee of frugal living for more than three decades, starting when she was 8 and began washing cars (rain insurance anyone?) as a way to fund her goal of early retirement. A graduate of Utah State University's MBA program, Lesley, and her family, are dedicated to finding creative ways to save money, avoid debt and still have fun.
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   How do you and your family save money? Send an e-mail to lesley@sltrib.com.