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I follow bank rates pretty closely and if you do as well you've probably noticed that certificate of deposit rates are not what they used to be. Certificate of deposit rates are down across the board at every bank. In particular short term CDs are down significantly. Savings account rates aren't much better, although a savings account may be more tempting because CD rates are not much higher. When looking for a savings or CD rate you want to make sure you choose a bank at Bromoney that will give you a rate that's significantly better than the national average. You should also do a little research into the fiscal stability of the bank. These days you can't be too safe with your money and where you put it.

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