Make the most of your money

Know where to get the highest interest rates for your money on best CD rates.

For one, register with Bank of America’s Opt-Up certificate of deposit (CD). The Opt-Up certificate of deposit allows you to raise the interest rate you are receiving if interest rates go up. So, “If your opening interest rate was 3.00%, after six months, and a new Opt-Up CD is offered at 3.50%, your rate could increase to 3.50% for the remainder of the term.”

BA's term on its certificate of deposit is 18 months. The annual percentage yield is currently 1.75%. If certificate of deposit rates rise, contact the bank and ask them to increase the interest rate.

Meantime, CD rates continued to drift downward this past week. Although yields on bonds rose sharply along with mortgage rates.

The average rate for 12 month CD rates declined to 1.390 percent this week, down from last week’s average of 1.409 percent. Ally Bank certificate of deposit rates were lowered this past week but the 12 month CD is still one of the best CD rates around, currently the rate is 2.46 percent.

Keep updated, manage your money well, and link on best CD rates.