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If you currently get your CD rates from your local bank, you may want to think of finding a CD rate in a whole another way. If you're reading this article online, you're probably already internet savvy in some sort of way and if by some chance you're reading this article on a piece of paper, you should look for someone that can help you find these great CD rates online.

In today's technological era, CD rates generally are higher online than they are in a brick and mortar bank. The reason bank's online are able to keep rates so high are because they don't need to maintain thousands of branches, employees, etc. When people think of online banks, they may think of a scam or an oversea fishy type deal. Rest assure that most banks online are FDIC insured. If you don't know if they are FDIC insured, you can simply check for the logo on the webpage, check the FDIC main website, or simply contact the bank.

Finding special CD rates online isn't that hard at all. It will probably just take a few minutes of your time when you're looking for that rate online. Below are the steps you're going to take in order to find high special rate CD rates via an internet bank or a local bank branch that has online capabilities.

Find the top ten online banks

When you start your CD search, you'll want to frequent some blogs, website or forums. On these websites, you'll generally get a good idea on what banks work for people and what banks don't. From there, you'll either want to write down the top ten banks you're interested in or simply start a word processing sheet with the banks listed on there.

Check for FDIC mark

When you're looking for your special CD rates online, make sure that the bank is legitimate before you even apply. You'll want to go to the FDIC's website (fdic.gov) to make sure that the bank is FDIC insured. I highly recommend that bank is insured if you bank through them. It's also helpful to call up the bank to get answers if you may have any questions. Most banks, if they want your service will be more than happy to help you out over the phone.

Take action!

When you have the top banks written on a piece of paper, go to each of their websites and subscribe to their e-mail newsletter. By doing this, you'll be alerted with special rates associated with their bank. This way if any good rate does come by, you can grab it before too many people do and the bank lowers the rate.

Finding special rates aren't that hard. It just takes a little bit of time and research. You'll find that each website you frequent, they usually have a 'special rate' section which you can click on and explore. When you do find the right rate, the website will tell you exactly how to sign up. From there, you'll be able to save even more money on your money.