When you are looking to invest your money in a CD (certificate of deposit) you are more than likely searching for one with a high interest rate to maximize your earnings. However you will probably be disappointed. Right now interest rates are the lowest they have been in several years, making it difficult to earn any decent interest income. At this point there are no indications that the interest rates will improve through 2010, the economy is down and nothing seems to be improving.

If you rely on your interest income then you probably are not doing too well right now because the return on your money is not too good, but that is a risk you take when you expecting to get a return on your money. For many people, in this current economy, risk is not something they are willing or wanting to take.

Even the best interest rates, which are around about two percent, are not very high and after doing some figuring of your earnings minus the tax liabilities it can seem like it just is not worth your time. Due to the current economy, right now is the worst time to rely on interest income and they may need to be put on hold until things start to look up.

you already own a CD and let it rollover at it’s maturity, you will simply continue to earn whatever interest is on your investment. However did you know that unless you walk into the bank and personally instruct them to do so, most banks will not give you the highest available CD rates? Many people have chosen CD’s because next to cash it is the safest way to hold on to your money. Although you want the security of a CD, you also want the best rate you can get, especially at this time.

It can be difficult to make a decision regarding investing your hard earned savings. The safest way to protect your money is through bank CD’s and treasury bills that are covered by FDIC insurance. But if safety of your savings means committing to a CD and earning little or no interest income, then you are basically stuck with losing money to simple inflation. With the low interest rates, many people are torn between taking risks they can’t afford or taking stocks that earn them nearly nothing through interest investing.

Please go to my website if you are trying to find out about money market rates. Are you also wondering will interest rates go up in 2010?