CD rates Blog

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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Monday, December 12, 2011 5:15 pm
By Claes Bell, CFA · Bankrate.com

Where there’s money, there’s Goldman Sachs, so it’s telling the investing giant is getting into the marked for structured CDs. Matt Robinson of Bloomberg reports that Goldman is creating a line of four different structured CDs to meet growing customer demand for a deposit product that can provide some hope of returns beyond today’s rock-bottom

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Wednesday, December 7, 2011 12:50 pm
By Sheyna Steiner · Bankrate.com

As everyone is well aware, CD rates are low and will be low for the near future which makes CDs less than ideal for long-term savings or income. However, CDs are still excellent vehicles for accomplishing short-term savings goals. Not everyone grapples with self-control when it comes to money but the early withdrawal penalty on

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Tags: CD rates, CDs
Monday, December 5, 2011 4:56 pm
By Claes Bell, CFA · Bankrate.com

It’s a little ironic that while many CD investors are leaving no stone unturned searching for higher CD rates, millions of dollars worth of CD balances are just sitting unclaimed at banks and in state coffers, waiting for their owners to show up. It’s easy for a CD to become unclaimed property. A CD owner

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Wednesday, November 30, 2011 9:27 am
By Sheyna Steiner · Bankrate.com

CDs have been yielding next to nothing for years now and savers have left no stone unturned in the hunt for alternatives. One alternative, the paper savings bond, will be going away in January 2012. Thereafter, consumers will only be able to buy savings bonds online — for the most part. While the yields on

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Monday, November 28, 2011 3:13 pm
By Claes Bell, CFA · Bankrate.com

The amount of money held in CDs continued to dwindle this month to the lowest point since 1994, likely because of savers’ reluctance to lock their money in at today’s rock-bottom CD rates. Overall, according to the Federal Reserve, CD accounts held $770 billion as of Nov. 14. Compare that to the $1.2 trillion in

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Tuesday, November 22, 2011 12:37 pm
By Sheyna Steiner · Bankrate.com

Though the number of annual bank failures has fallen since the height of the financial crisis, it’s still all-too common to see banks going belly up. With the Federal Deposit Insurance Corporation on the case banks don’t generally just collapse but instead the FDIC arranges to have another bank take over the failed bank’s deposits.

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Wednesday, November 16, 2011 12:33 pm
By Sheyna Steiner · Bankrate.com

A recent study by Wells Fargo peered into Americans’ feelings about retirement and found that 68 percent of respondents are not confident that the stock market is the best place to invest their retirement savings. Nearly half say that they would prefer to invest in CDs instead of stocks and mutual funds for retirement. From

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Monday, November 14, 2011 12:43 pm
By Claes Bell, CFA · Bankrate.com

Most consumers probably think of the death of debit card fees as an unadulterated good, but it may have some negative consequences for CD investors hoping to find decent CD rates at large national banks. Dan Geller of Market Rates Insight has a piece in BAI Banking Strategies this month arguing for reducing deposit rates

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