Not all bank interest rates are created equal.  In turbulent economic times the difference between the rates being offered on similar products between banks can be very significant.  CD rates, savings account rates and money market rates will vary measurably between banks and financial institutions.  As bank profits gyrate and competition intensifies, the rates promoted on these bank products will fluctuate rather dramatically with bank fortunes and as method to generate new accounts and depositors.  This kind of volatility in bank rates can be a opportunity for the well informed investor.  With heightened inflation and economic concerns, the hunt for increased yields is always worth the cost of changing banking institutions.

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