Most investment opportunities do not require a high credit score to become an investor. However, there are a few who do, particularly high interest rate savings accounts. Even if they don’t require a credit check, it’s a good idea to always remain on top of your credit. Get a free credit report today.

Many local Concord credit unions offer competitive CD rates, money market accounts and IRAs, as do the larger national banks. If you want to get the highest interest rates, be sure to research a couple of different places before settling on a bank choice. Concord Banking Rates has relationships with many banks to maximize the potential of finding the best rates.

The most difficult decision to make when investing your hard-earned money, is which type of investment account should you choose? Certificate of deposits mature at a fixed rate on a fixed length of time, so you know what you’re getting up front. Mutual Funds may give a higher return, but are risky because they rely on the success of the stock market and the choices of the firm doing the investing on your behalf.

Types of investment income accounts:

• Certificate of Deposits (CDs)
• IRAs
• Savings Bonds
• Stocks and Mutual Funds
• Money Market Accounts (MMAs)

No matter what type of investment you decide to make, or even if you’re just seeking more information to help you make the right decision, Concord Banking Rates can help make that decision easier. Submit your information today for information on CD rates and investments.

Knowing your credit score pays off as this is used by lenders and credit card companies to decide whether to lend you money and at what interest rate. The score ranges from 300 to 850 — the higher the better. Seattle resident Jenny Chang said she didn’t realize “how everything in your life will depend on credit” — buying a car or a house, even renting an apartment or getting a job.