Locating  online Bank CD Rates can be a tough task.  However, a few well thought out searches can return some of the best CD interest rates in the country.  Just pick your favorite search engine and try a few of these.  However, be sure to verify the banks are FDIC insured and the credit unions are NCUA insured

Here is a link to the full article, Uncovering online Bank CD Rates, check it out.

SEP IRAs (SIMPLE IRAs also) have larger contribution limits and are designed for the self-employed or small business onwer.  I’ll discuss the limits on another day, but it seems to be the banks and credit unions are afraid of making a mistake and being fined by the government or messing up your IRA.

The first place to start looking for rates are your local banks and brokers.  They may have a special going on and if the bank is medium sized, they probably offer SEP IRA and SIMPLE IRA accounts.

Otherwise, Alliant Federal Credit Union in Illinois and Pentagon Federal Credit Union in VA are two places that I know of that will take SEP IRAs and they routinely have some of the highest IRA rates in the country.  Both have open membership, although Alliant is a little harder to join, especially if you can’t make a branch visit.  However, once you are a member, they both have excellent customer service.

Online Bank CD Rates may also be a good resource for rates, although they don’t specialize in IRAs like this IRA CD Rates site does.

May your search for the Best Bank SEP IRA CDs go well.

First, I would try www.bankrate.com if you are looking for federally insured bank IRA CD rates.  The have interest rates for terms from 3-months to 5-years.    They currently have a top 1-Year rate of 2.25% at Countrywide Bank.    The minimum deposit is $2500.    For a 5-year CD they have a 3.40% with Umbrella Bank.  Umbrella bank is only rated with 1-star, however.  Probably best to look for at least 3-stars when dealing with an IRA CD.  You really don’t want the bank to close the account on you.

Next, just go to your favorite search engine and type “IRA CD Rates”.  Numerous sites will be listed.  The 3 or so sites directly at the top and then ones off to the right are paying for you to see them.  The ones in between those have worked hard so that the search engines decide they are an authority site.  Check some of both.  It is your money, find the best rate.

Many brokerage firms offer CD rates that can be held under an IRA umbrella.  However, wholesale funding levels are really low at this time, so the brokered IRA CD rates are quite low (like around 1.25% for 1-year), so direct rates are probably the best route to go at this point.  There are CD Brokers that specialize in direct CD rates.  I believe one is Jumbo CD Investments, Inc. and they come up pretty high in the search engines.

Always verify the bank you are considering is FDIC insured.  For other CD rate sites, visit some of the links on the right or Jumbo CD Rates.

Good luck with your highest IRA CD rates search.