May 14th, 2010
Adding CD accounts to your portfolio is a smart way to safely collect higher interest rates than traditional savings accounts. Certificates of deposit are insured by the FDIC and provide no risk to the principal. Dollar Bank customers now have the opportunity to deposit their money into a risk-free 12-month certificate of deposit and be rewarded with an outstanding .70% APY. Please note the following terms of this 12-mo CD:
- Minimum deposit of $2,500 required
- Early withdrawal penalties may apply
- Deposit amounts of $10,000 or $25,000 may qualify for even higher certificate of deposit interest rates
- Consumers can choose to select their interest monthly, quarterly, semi-annually or annually
- FDIC insured
Dollar Bank has a long history of serving customers for over 155 years and has grown to include 60 branch locations throughout Pittsburgh, southwestern Pennsylvania, Cleveland and northeastern Ohio.
Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.
If you’ve made a choice to start investing in Pittsburgh CD accounts, you’ve made a good decision. However, you might be confused as to why some people would prefer to search for certificates of deposit at a local level vs. a national lever. The reason is because often times, local banks and credit unions in Pittsburgh can offer you better rates than some of the bigger banks. This is not always true, but it can be if you search for local rates hard enough.
Local banks, known for their friendliness and customer service, often times do not have the heavy marketing costs associated with their local business. As such, they are able to offer better rates to customers, meaning you should be able to make much more.
No matter how you choose to bank however, consider the maximum yield of the CD account above all, including introductory APYs. Making the most out of your deposit should be your number one priority.
Did you know that a good Pittsburgh, PA certificate of deposit can work wonders for your portfolio during turbulent economic times? Well it’s true! That’s because CDs have the uncanny ability to consistently provide great interest returns no matter what economic conditions look like. You could even employ a CD laddering strategy to ensure your money is constantly working for you.
CDs can act as a safe harbor for your money in a rough economy, especially if the stock market is declining rapidly. You can instead store your money in a deposit account that will continue to generate returns while everyone else is losing in the market. When things begin turning around, you can buy back into more risky investment classes. CDs however, offer a guaranteed rate of return provided you don’t touch the original deposit amount. If you buy into a CD before an economic dip (it is recommended that you always have at least a few CDs), you can even enjoy a sustained high rate of return before interest rates are cut by banks.
Use our CD rate comparison chart to start researching the best CD rates in Pittsburgh today. You’ll be glad you’re taking the right steps towards securing your financial future!
Finding the best Pittsburgh CD rates doesn’t have to be a chore, and Pittsburgh Banking Rates is here to make the job easy for you. Using our online rates comparison tool, you’ll be able to compare Pittsburgh, PA CD accounts to those of 4,000 other online, local and national banks. See if you’re really getting the highest interest rate return for your deposit.
The internet has made it easy for us to compile an extensive database of the best rates for you. Search for CD rates by zip code or across the country. If you’re already researching CD rates, you’re making the right choice for your financial future. There are few investments available that can match the effectiveness of a certificate of deposit.
Learn more about how CD rates can help boost your financial portfolio today.
Pittsburgh Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.
Many local Pittsburgh credit unions offer competitive CD rates, money market accounts and IRAs, as do the larger national banks. If you want to get the highest interest rates, be sure to thoroughly research banks with the best offers before you make your decision. Pittsburgh Banking Rates has relationships with many banks to maximize the potential of finding the best rates.
A clear advantage of investing in CD‘s is that CD Rates are fixed, meaning you lock in an interest rate for the entire term of the CD, and it does not change. When interest rates are dropping, your CD stays at a higher rate. If you money is in a savings account, or interest paying checking account, your interest rate will drop daily, if rate are falling. Learn from Pittsburgh Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.
