How can you determine whether a CD rate is really a good one? It takes a bit of research, but Portland Banking Rates exists to bring you all the information you need to find out.

To start, begin with the average rate for your location. Portland Banking Rates compiles rates data from within a 50-mile radius of Portland and the following is a breakdown of that information to help you locate the best rates near you.

You might be wondering why finding the best CD rates in Portland is so important. It is because, as long as you don’t have a need to withdraw your money for a while, depositing in a CD will likely yield a higher interest rate that if you chose another type of deposit account.

Don’t worry if you don’t know how to find the best CD rates–Portland Banking Rates exists to bring you current CD rates information from our huge database of banks and credit unions so locating the most competitive CD rates in Portland is easy. Portland Banking Rates is a comprehensive free resource for people like you who are searching for the best CD rates in Portland. We do the comparison shopping among financial institutions so you don’t have to.

CD rates can vary greatly depending on the term and location of the account. Don’t settle on the first rate you’re offered; researching the rates from all the banks and credit unions in your area will likely result in finding competitive offers you never knew existed.

If the stock market isn’t your thing, and savings account are looking dismal to you also, then try a certificates of deposit account. These types of savings accounts are popular among investors because, not only do they tend to offer higher interest rates, but they also offer both security and stability.

Use the average CD rate as a basis for comparison against other rates in your area. We have filtered through our database of 3,000 banks and credit unions to provide you with the institution offering the highest CD rates.

Many people are foregoing riskier, short-term investments in favor of ones that pay off slowly over the long run. CDs are a great example of an investment that doesn’t yield huge returns, but can help you get where you need to be able to make a large purchase, such as a car. The key, however, is getting the best interest rate in Portland that’s available.

CDs are one of the safest investments you can make, unlike stocks or real estate. If you have a savings account that you do not need for the rest of this year, you may want to invest into a 6-12 month CD and take advantage of higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5,000 CD over 10 years; that can be more than $500-$1000 more in interest with the higher CD rate.

Are you looking for an easy way to invest? Real estate and stocks are pretty risky, but with CDs, it’s virtually impossible to lose money. CD rates are fixed, meaning you lock in an interest rate for the entire term of the CD, and it does not change.