Highest Tucson 24-Month CD Rates: September 2011
It seems like deposit interest rates are just getting worse and worse, which makes finding a decent Tucson CD rate appear to be near impossible. Luckily, there are still financial institutions in the area that are offering excellent CD rates if you know where to look.
This is especially true for 24-month CDs in Tucson, 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. Choosing a 24-month term is considered to be more of a long-term approach to investing in a CD. There are several of reasons why you may go with a longer term of 2 years.
The major reason, however, is that a long-term CD generally allows you to obtain a better interest rate. This is because financial institutions 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.
Best Tucson 24-Month CD Rates
If you’re interested in opening a 24-month CD account near you 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.