It seems as though deposit interest rates are just getting lower and lower, which makes finding a decent Ames 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. 
Compare the Best Local Rates
Ames 2 Year CD
With over 85 financial institutions in Ames IA alone, it's not always an easy task to locate the most competitive offers available near you. Ames 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 Ames IA is currently 1.04%, including rates from a total of 33 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 Ames IA- Midland Credit Union: 1.41%
- The Cornerstone Credit Union: 1.4%
- Capitol View Credit Union: 1.36%
- Edco Community Credit Union: 1.3%
- Home State Bank Jefferson, IA: 1.3%
For more information regarding the above banks and rates, or to view the best CD rates for additional term lengths, visit Ames IA CD Rates.
As the end of August approaches and financial institutions begin adjusting rates for September, it’s a good time to take a look at current Ames CD rates. Today’s uncertain economy makes finding truly great CD rates tough, but luckily you have Ames Banking Rates to direct you right to the top offers in the area.
Since CD Rates in Ames 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. Ames Banking Rates has compiled a list of the average CD rates in Ames 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 Ames 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 Ames 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.
If you live in Ames, IA and are interested in opening a 2 Year CD account, there are a few factors you’ll need to examine before choosing the best account for you. Things like the minimum balance required and term length of your CD are important, but the interest rate offered is likely your top concern.
Longer term lengths generally yield higher CD rates, which is probably why you’re interested in a 24-month CD. That doesn’t necessarily mean every 2 year CD rate is good, however. Ames Banking Rates can help familiarize you with the rates available in Ames and find the rates that are truly competitive for the area.
