It seems as though rates for deposit accounts are just getting lower and lower, which makes finding a competitive Southfield CD rate feel near impossible. Luckily, there are still financial institutions in the area that are offering great CD rates if you know where to look. 
Compare the Best Local Rates
Southfield 2 Year CD
With over 72 financial institutions in Southfield MI alone, it's not always an easy task to locate the most competitive offers available near you. Southfield Banking Rates is a comprehensive resource for finding the best interest rates in your area, including the highest CD rates. The average 2 year CD rate in Southfield MI is currently 0.66%, including rates from a total of 22 accounts. Below is an up-to-date list of the top five 24 month CD rates in your area.
Banks and Credit Unions with the Best Two-Year CD Rates in Southfield MI- Health One Credit Union: 1.2%
- United Financial Credit Union: 1.1%
- Communicating Arts Credit Union: 0.85%
- Chiropractic Credit Union: 0.8%
- Construction Federal Credit Union: 0.77%
For more information regarding the above banks and rates, or to view the best CD rates for additional term lengths, visit Southfield MI CD Rates.
The month of August is just about over, which means Southfield CD rates will likely change up as banks and credit unions adjust their interest rates going into September. Getting the best CD rates isn’t usually an easy task in today’s economy, but Southfield Banking Rates exists to help you pinpoint the best offers right away.
Since CD Rates in Southfield fluctuate on a regular basis, it’s essential you stay up-to-date on what banks and credit unions near you are offering. Even if you’re not planning to open a new account, you should ensure the one you do have is still providing a competitive interest rate by researching current rates in your city consistently.
Having a solid understanding of the interest rates available from banks and credit unions near you is very important if you expect to hold high-earning accounts. Southfield Banking Rates has compiled a list of the average CD rates in Southfield by term, so you can gauge the competitiveness of your own accounts or have a benchmark for comparison if you are interested in opening a new CD.
As the second quarter of 2011 comes close to an end, it presents a perfect chance to take another look at how CD rates are doing right now. We recently examined Southfield CD rates for 6 and 12 month terms in the month of June, so let’s do the same for 24-month (2-year) CD rates as well.
You may already be aware that certificates of deposit generally pay out higher interest rates than traditional savings accounts, but did you know that the longer the CD, the higher the rate? Financial institutions like customers to keep their money on deposit for as long as possible, so they’ll reward long-term account holders with better interest rates. That means if you’re looking for the best Southfield CD rates, 24-month (2-year) CD accounts are sure to offer the highest rates.
When you think about your financial future, do you think long term or short term? Do you look ahead to retirement or wonder how you’re going to make rent next week?
Instead of thinking about one of those two extremes, why not look ahead a year or two? You can achieve a lot with a smart investment–like a 24-month CD. Buying a new car, putting a down payment on a house, those are the big financial dreams that can be yours.
