CD Rate Calculator

Banks will often times offer the best CD rates for those who open a checking account with them as well. Are these deals worth it? It can be sometimes, be sure to use a CD rate calculator to find out if these deals are worth the hassle.

It might not make that much sense for a small deposit, but for larger deposits it could me. Doing a little bit of math will help you make a good long-term decision on a CD.

You should figure how much the added hassle ends up being worth. Is it $25, $50, $100, figure out at what point it's then worth it to open a new checking account.

One other thing you have to look out for is if there are fees or minimum balances associated with the new checking account. If you need $10,000 in the checking account it almost definitely won't be worth the hassle.

You've got to do your research when it comes to your money. If you don't have a large deposit then it's not worth bothering with.

It's also worth seeing if the checking account is actually better than your current account. Maybe there aren't overdraft fees or minimum balances, or ATM fees.

Free checking accounts aren't always free after the fees so make sure you know the real deal.

Some "free" checking accounts require you to have direct deposit.