Each week,
Bankrate.com surveys bankers, brokers and others to gauge the direction of
certificate of deposit (CD) interest rates over the short (one year or less) and
long (more than one year) term. Will rates rise, fall or remain relatively
unchanged?
This week (Feb. 13 - Feb. 19) the experts say:
When rates are this low, it's tough to advise
people to lock in a rate. Check Bankrate's "100
highest yields" page for the best CD rates across the country.
PANEL: (short term)
Up: 9%
Down: 9%
Unchanged: 82%
PANEL: (long term)
Up: 45%
Down: 10%
Unchanged: 45%
Our expert panelists are, again,
calling for short-term rates to remain flat this week. The panel's
long-term predictions are pretty much split between rates staying
the same or going up slightly.
EXPERT COMMENTS: "Short-term rates should remain flat for
now, but longer-term rates will start to rise as the economy strengthens.
It won't happen fast, but the change is coming." -- Jason P. Flurry, CFP, Flurry Financial, LLC, Roswell, Ga. Short-term:Unchanged Long-term: Up
About the Bankrate.com Rate Trend
Index: Bankrate.com surveys more than 100 experts in the banking and mortgage fields to see if they believe certificate of deposit and mortgage rates will rise, fall or remain relatively unchanged. For the deposit index, the panel is comprised of banks, thrifts and credit unions that directly offer FDIC-insured certificates of deposit to the end consumer. For the mortgage index, the panel is comprised of mortgage bankers, mortgage brokers and other industry experts who are actively engaged in providing residential first mortgages to the end consumer. Results from the Bankrate.com CD Rate Trend Index will be released each Wednesday. Results from the Bankrate.com Mortgage Rate Trend Index will be released each Thursday.
BANKRATE'S ANALYSTS: "Yields remain pitifully low. The silver
lining: inflation is also low and yields stand to recover as the
year progresses." -- Greg McBride, financial analyst, Bankrate.com Short-term:Unchanged Long-term: Up
"There are definite signs the
economy is improving, but the ground isn't rock solid yet. Short-term
rates will probably be flat, maybe up a basis point or two, but
longer-term rates should be on the upswing." -- Laura Bruce, savings writer, Bankrate.com Short-term:Unchanged Long-term: Up
