Highest Cincinnati 24-Month CD Rates: September 2011
It seems as though deposit interest rates are just getting lower and lower, which makes finding a decent Cincinnati CD rate feel near impossible. Luckily, there are still financial institutions in the area that are offering excellent CD rates if you know where to find them.
This is especially true for 24-month CDs in Cincinnati, which tend to offer the best rates.
About 24-Month Certificates of Deposit
CDs are available in many terms, which refers to the amount of time your money remains on deposit. A 24-month CD is considered to be longer-term than other accounts. There are many of reasons why you may choose a longer term of 24 months.
The major reason, however, is that a 24-month CD usually allows you to earn a better interest rate. This is because financial institutions try to encourage account holders to keep their money on deposit longer.
That means a 24-month CD is a great choice if you are interested in earning a better rate than a savings account can provide and–most importantly–you can afford to keep your money on deposit for a full 2 years.
Best Cincinnati 24-Month CD Rates
If you’re interested in finding a 24-month CD account at a local financial institution that also offers a competitive rate, check out the banks and credit unions below:
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Please note these rates are accurate as of September 7, 2011, but are subject to change at any time. Further, you may be subject to additional terms and requirements. Please check with individual financial institutions to verify rates before opening an account.