News and expert commentary about savings accounts and investing

Low CD rate annoys saver

A saver wonders if he can appeal the low CD rate a bank gave him during an automatic renewal.

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CD rates fell to a record low, according to Bankrate's weekly survey.
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Take money out of a CD before it matures and you will pay a penalty, losing the interest you accrued.
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CD laddering offers safety, high returns and liquidity all in the same place.
Here are the average CD rates from Bankrate's weekly survey of large banks and thrifts.
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See prime rate, as reported by The Wall Street Journal, and federal funds and COFI rates.
Experts and Bankrate analysts comment on rate trends.
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The LIBOR is a common benchmark interest rate index used to make adjustments to ARMs.
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CDs Overnight Averages
Product Yield +/- Last week
6 Mo CD
1.20%
1.22%
1 Yr CD
1.69%
1.70%
5 Yr CD
2.94%
2.97%
1 Yr Jumbo CD
1.35%
1.41%
Compare rates:
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A saver wonders if he can appeal the low CD rate a bank gave him during an automatic renewal.
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