Conduct an internet search for information on certificates of deposit. Discuss your findings in terms of what CDs are available and their rates. Calculate how much you would stand to make if you invested $1,000 on the best CD that you found. Also, calcul

Interest Rates on CD 's

In my internet research I found a wide range of interest rates available for CD 's . The amount of money you could make from a CD depended for the most part on how long you were willing to leave the money in the CD . A longer term of investment earned the investor a higher return . Of course , if you have more money to start with , you could get a better rate of return for investing more money to start . There was also some difference in the rate of

return between different sources of CD 's . Here is a list of some of the typical rates I found (for an investment of 1000

Banks 3 Month CD (APY ) 6 Month CD (APY ) 1 Year CD (APY

IndyMac Bank 5 .25 5 .50 5 .15

Wells Fargo Bank 2 .00 2 .75 3 .25

Washington Mutual 1 .10 2 .55 3 .30

World Savings 3 .52 4 .61 4 .82

Bank Of America 2 .15 2 .40 3 .15

Allstate Bank 2 .15 2 .30 4 .50

Digital Federal Credit Union 3 .80 4 .25 4 .55 In all cases , IndyMac Bank was my best option . With 1000 invested in a one-year CD , my return would be 51 .50 with IndyMac . In the worst case I could have invested with Bank of America and received a 3 .15 interest rate . At the end of one year , that would have gotten me 31 .50 . With the yield on IndyMac 's 3 month CD at 5 .25 , I am making a better interest rate , but the actual yield is smaller than the APY , so my return after 3 months would be a little less than 13 .12...