Finding the highest CD rates in Jamaica can be tough, but locating the best rates will get you that much closer to your savings goals.
Jamaica Banking Rates will help you locate the best CD rates by comparing available offers for you. We compile up-to-date rates information from our database of over 3,000 banks and credit unions to bring you only the most competitive rates in your area. 
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
|
1.10%
As of May 14, 2012
|
 |
CIT Bank
|
CD Account |
|
1.09%
As of May 15, 2012
|
|
Ally Bank
|
CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
|
1.67%
As of May 8, 2012
|
View Rate Details | Suma Yonkers Credit Union | CD Account |
|
1.51%
As of April 27, 2012
|
View Rate Details | Personal Care America Federal Credit Union | CD Account |
|
1.50%
As of May 2, 2012
|
View Rate Details | Montauk Credit Union | CD Account |
|
1.40%
As of May 9, 2012
|
View Rate Details | Lomto Credit Union | CD Account |
|
1.36%
As of May 4, 2012
|
View Rate Details | Progressive Credit Union | CD Account |
|
1.31%
As of May 4, 2012
|
View Rate Details | Island Federal Credit Union | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
| Van Cortlandt Cooperative Credit Union - 12 Month CD Account | 0.75% to 0.60% | May 17, 2012 | |
| Spencer Savings Bank - 12 Month CD Account | 0.65% to 0.55% | May 4, 2012 | |
| Union Savings Bank - 12 Month CD Account | 0.45% to 0.35% | May 2, 2012 | |
CD rates can vary greatly depending on the term and location of the account. Don’t settle on the first rate you’re offered; researching the rates from all the banks and credit unions in your area will likely result in finding competitive offers you never knew existed.
Roller coasters can be fun, but they can also make you sick to your stomach. Right now, the American economy is taking the world on the most nauseating ride of our lives. With the stock market officially in turmoil and with a recession hedging, low-risk investments seem to be the best way to go. Investigate the highest rates on CDs in Jamaica and find a safe way to stow your money.
Jamaica Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.
A clear advantage of investing in CD‘s is that CD Rates are fixed, meaning you lock in an interest rate for the entire term of the CD, and it does not change. When interest rates are dropping, your CD stays at a higher rate. If you money is in a savings account, or interest paying checking account, your interest rate will drop daily, if rate are falling. Learn from Jamaica Banking Rate partners if rates are falling or rising, and make the right choice to earn more money.
