Ask for unadvertised term deposit rates
Interest rates fluctuate often, and those for CDs are no exception. Despite advertising fixed certificate of deposit rates, many banks allow for some negotiation for a better deal — especially if you’re rolling your matured account balance into a new CD.
As your CD nears maturity, speak with a bank representative about stronger rates on a new CD. If you’re signing up for a new CD, ask if the bank is willing to negotiate the advertised rate.