Highest Kansas City 24-Month CD Rates: September 2011
It seems as though deposit interest rates are just getting worse and worse, which makes finding a decent Kansas City CD rate appear to be near impossible. Fortunately, there are still financial institutions in the area that are offering outstanding CD rates if you know where to find them.
This is especially true for 24-month CDs in Kansas City, which tend to offer the best rates.
About 24-Month Certificates of Deposit
CDs come in many terms, which is the length of time you are required to deposit. Choosing a 24-month term is considered to be more of a long-term approach to investing in a CD. There are a number of reasons why you may go with a longer term of 24 months.
The top reason, however, is that a 24-month CD often allows you to obtain 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 if you want to earn a higher interest rate and importantly, don’t mind remaining hands-off your account for a full 2 years, a 24-month CD is a great choice.
Top 24-Month CD Rates in Kansas City
If you’re interested in opening a 24-month CD account near you that also earns a competitive 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.