CD rates Blog

Monday, February 6, 2012 2:45 pm
By Claes Bell, CFA · Bankrate.com

The drop in the national unemployment rate from 8.5 percent in December to 8.3 percent in January made big news nationwide, and seemed to a lot of folks to signify a solidified economic recovery. But if CD investors are hoping the stronger-than-expected employment report will cause the Fed to accelerate its timetable for a rate

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Wednesday, February 1, 2012 12:49 pm
By Sheyna Steiner · Bankrate.com

It’s no surprise that the tremendous volatility in the stock market has scared investors away from stocks. According to the Investment Company Institute, the trade association for domestic investment companies, in 2011 investors fled equity funds in droves — about $125 billion flowed out of stock mutual funds for the year. For some investors, particularly

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Monday, January 30, 2012 4:27 pm
By Claes Bell, CFA · Bankrate.com

It’s hard to overstate how grim things are in the CD market right now. CD balances hit a nearly three-decade low this week, falling to $750 billion, according to the Federal Reserve. That may seem like a lot, but the last time the total amount of money Americans held in “small-denomination time deposits,” Fed-speak for

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Wednesday, January 25, 2012 1:15 pm
By Sheyna Steiner · Bankrate.com

Dashing the hopes of CD buyers everywhere, the rate-setting committee of the Federal Reserve — the Federal Open Market Committee, FOMC, for short, — convened this week and declared that economic conditions could warrant “exceptionally low levels for the federal funds rate at least through late 2014.” As a result, barring astonishing economic growth, CD

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Monday, January 23, 2012 11:44 am
By Claes Bell, CFA · Bankrate.com

It’s not just your imagination; 2011 was an abysmal year for CD rates. A new study shows yields on deposit products dropped 21 basis points. Rates for mid-term CDs, or CDs with maturities between one and three years, were hit particularly hard. From Dan Geller at Market Rates Insight: Mid-term CDs, from one to three years, registered the second

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Wednesday, January 11, 2012 4:20 pm
By Sheyna Steiner · Bankrate.com

Interest rates are most likely to stay low for a long time. The Fed has plainly stated that short-term interest rates won’t go up until 2013 and there are some who are predicting that it could be even longer than that. To find out what will happen to rates in the coming year, read Bankrate’s

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Tags: CD, CD rates, CDs
Monday, January 9, 2012 3:51 pm
By Claes Bell, CFA · Bankrate.com

A credit freeze in Europe may mean higher CD rates for U.S. savers, according to a new report by Dan Geller of Market Rates Insight. Geller argues that borrowing costs in the European Union could rise significantly, pushing the London Interbank Offered Rate, the primary benchmark for short-term lending rates in Europe, higher. That, in

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Wednesday, January 4, 2012 5:12 pm
By Sheyna Steiner · Bankrate.com

Yesterday the minutes from the most recent meeting of the Fed’s rate setting committee, the Federal Open Market Committee were released. In them, it was revealed that the central bank will be unveiling a new way of communicating the individual member’s thoughts about the path of interest rates. While that will be illuminating for economy

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Wednesday, December 21, 2011 5:25 pm
By Sheyna Steiner · Bankrate.com

As investments go, CDs are fairly easy to understand. In exchange for depositing your money for a set period of time, a bank will, in turn, pay you interest. At the end of that time period, you can take your money and accrued interest and go on your merry way, or you can buy another

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Tags: CD, CD rates
Wednesday, December 14, 2011 12:30 pm
By Sheyna Steiner · Bankrate.com

CD scams are a dime-a-dozen, there is no shortage of scammers out there trying to take advantage of people. But wildly successful scams such as the one run by R. Allen Stanford are unusual — he got away with it for years and operated right under the nose of regulators. Stanford sold fake CD’s in

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