Highest Fresno 24-Month CD Rates: September 2011
It seems like deposit rates are just getting worse and worse, which makes finding a competitive Fresno CD rate seem near impossible. Luckily, there are still banks and credit unions in the area that are offering great CD rates if you know where to find them.
This is especially true for 24-month CDs in Fresno, which tend to offer the best rates.
What Is a 24-Month Certificate of Deposit?
Certificates of deposit come in several terms, which is the length of time you are required to deposit. A 24-month CD is considered to be longer-term than other accounts. There are many of reasons why you may choose a longer term of 24 months.
The major reason, however, is that a long-term CD often allows you to earn a higher interest rate. This is because banks and credit unions try to encourage account holders to keep their funds on deposit longer.
That means a 24-month CD is a great choice if you are interested in earning a better rate than a savings account can provide and–most importantly–you can afford to keep your money on deposit for a full 2 years.
Highest 24-Month CD Rates in Fresno
If you’re interested in obtaining a 24-month CD account near you that also earns a great rate, check out the banks and credit unions below:
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The above rates are accurate as of 9/7/11, but may change at any time in the future. Please contact individual financial institutions directly to verify rates and learn about an additional requirements.