Why we use VERIBANC®
Since 1981 VERIBANC® guarantees there is No Conflict Of Interest in their safety ratings.
They have never accepted fees or payments to rate any institution.
VERIBANC is the nation's first bank rating service for consumers.
|
|
 |
We GUARANTEE our rates 100%. If an institution has lowered their
rate or withdrawn from the market, we will replace the rate with the highest available rate. |
Need a replacement rate
|
|
CD Rates Across America ("CDRAA") was established with the specific goal of providing investors, both individual and institutional, simple Internet access to the marketplace of more than 8,000 FDIC insured financial institutions across America. Research and experience indicated that fixed income investors were aware certificates of deposit (CD's) may yield higher returns but believed the process of locating the highest CD rates amongst so many financial institutions was too difficult and time consuming for the extra value received. Additionally, investors were fearful that a high rate might be a signal that the financial institution was having difficulty attracting deposits because of their financial condition. These investors sought a resource that could provide them with a simple and timely analysis of the financial condition of the bank from which they were about to purchase a CD. To meet the needs of these investors, CDRAA created a research process that is a simple, seamless and secure method for locating CD rates at financial institutions offering the best rates throughout the country, coupled with a safety rating.
| The CDRAA Difference |
CDRAA |
Competitor #1 |
Competitor #2 |
CD Brokers* |
| 1. |
Collecting CD Rates from a Universe of over 6,000 Federally Insured Institutions. |
Yes |
No |
No |
No |
| 2. |
All CD Rates are provided in an unbiased manner and free of any conflict of interest. |
Yes |
No |
No |
No |
| 3. |
Uses VERIBANC, that has never been paid by any institution to rate it. (Provides rating alerts every two weeks). |
Yes |
No |
No |
No |
| 4. |
VERIBANC's rating system has unparalleled performance. This performance has been independently audited and approved by three different insurance companies. |
Yes |
No |
No |
No |
| 5. |
Automatic Email Notification of Down Ratings is available for any purchase of a 3 month or longer term. |
Yes |
No |
No |
No |
| 6. |
CD Rates are updated at least twice per day. |
Yes |
No |
No |
No |
| 7. |
Free Purchase Kit – step by step instructions for purchasing a CD with a check list of all the necessary documentation. |
Yes |
No |
No |
No |
| 8. |
Automatic Portfolio Tracker |
Yes |
No |
No |
No |
| 9. |
Minimal fee based service to guarantee "No Conflict". |
Yes |
No |
No |
No |
| 10. |
Received a fee, advertising revenue, click through or finder fees from banks offering you rates. |
No |
Yes |
Yes |
Yes |
| |
What is the CDRAA difference vs "FREE" or Brokers? |
10/10 |
0/10 |
0/10 |
0/10 |
*Brokers usual charges range from a quarter (.0025) of a point to a half (.0050) of a
point of each CD placement. The bank pays the broker this percentage and therefore you lose this additional money.
To insure an unbiased rating of the financial condition of the financial institution being considered, CDRAA teamed with VERIBANC®, an independent rating service. VERIBANC® has never been paid by an institution to rate them nor have they ever accepted advertising or click-through fees from the banks they rate. VERIBANC® has specialized in creating safety ratings for financial institutions for 30 years. VERIBANC® receives financial data directly from the Regulators (or Federal Reserve and the Office of Thrift Supervision) on a quarterly basis and runs this data through a number of sophisticated and proprietary processes to evaluate the financial viability of the financial institution. VERIBANC®'s track record has established them as a reliable tool when predicting the financial viability of a financial institution. We encourage you to visit VERIBANC®.com to fully understand the value of their safety ratings and why CDRAA trusts them with its financial institutions ratings.
Each day CDRAA surveys, through a proprietary process, thousands of banks to obtain their CD rate for the day. These rates are then coupled with the VERIBANC® safety ratings and are made available to you. Once you have located a rate with an acceptable safety rating, we will provide you with information on the bank to facilitate the process by which you can contact the bank and purchase your CD.
Thank you for learning more about CDRAA. Please contact us at Service@CDRatesAcrossAmerica.com if you would like more information or have any questions.
|
|
Shopping Cart