Highest South Lake Tahoe 24-Month CD Rates: September 2011
It seems as though rates for deposit accounts are just getting lower and lower, which makes finding a competitive South Lake Tahoe CD rate feel near impossible. Luckily, there are still financial institutions in the area that are offering great CD rates if you know where to look.
This is especially true for 24-month CDs in South Lake Tahoe, which tend to offer the best rates.
About 24-Month CDs
Certificates of deposit come in many terms, which refers to the amount of time your money remains on deposit. 24-month CDs are at the long-term end of the spectrum. There are a couple of reasons why you may go with a longer term of 24 months.
The major reason, however, is that a long-term CD usually allows you to earn a better interest rate. This is because banks and credit unions want to encourage account holders to keep their funds 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.
Highest 24-Month CD Rates in South Lake Tahoe
If you’re interested in obtaining a 24-month CD account near you that also offers a competitive rate, check out the banks and credit unions below:
- Clearstar Financial Credit Union: 0.95%
- 49'Er Credit Union: 0.95%
- El Dorado Savings Bank, F.S.B.: 0.85%
- Reno City Employees Credit Union: 0.76%
- Great Basin Credit Union: 0.5%
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.
