CD rates Blog

Wednesday, October 19, 2011 11:30 am
By Sheyna Steiner · Bankrate.com

Despite the ubiquity of e-commerce, some diehards still feel uncomfortable about online purchases or banking. But, the people that do go online for banking report higher levels of satisfaction than those that stick to the branch. Back in May, a survey from ForSee results found that customer satisfaction with online banking had increased over 2010.

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Tags: CD rates
Wednesday, October 12, 2011 11:47 am
By Sheyna Steiner · Bankrate.com

So CD buyers may not actually be taking to the streets to protest low CD rates, but today’s ultra-low yields are a product of the same series of debacles that have spawned the Occupy Wall Street protests, which began last month in New York. There were a confluence of factors that contributed to the financial

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Wednesday, October 5, 2011 11:39 am
By Sheyna Steiner · Bankrate.com

CD rates may have a little bit further to fall than I predicted in last week’s blog post. On Tuesday, Market Rates Insight, a pricing consultant for banks, released a report projecting interest rate decreases this month on term deposits of 36, 48 and 60 months. According to the report, the five-year CD yield will

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Monday, October 3, 2011 4:19 pm
By Claes Bell · Bankrate.com

The other day I saw a Web ad from a major bank urging me to get a great CD rate and protect my retirement by rolling over my IRA into an IRA CD. It got me wondering if a lot of folks are doing just that — liquidating their stock portfolios and placing the proceeds

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Wednesday, September 28, 2011 11:30 am
By Sheyna Steiner · Bankrate.com

I think the impact of Operation Twist is already reflected in CD rates. Here’s why, with some background for those just tuning into the ongoing central bank saga. Richard W. Fisher, president of the Federal Reserve Bank of Dallas and voting member of the Federal Open Market Committee, spoke on Tuesday before the Dallas Assembly

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Monday, September 26, 2011 2:11 pm
By Claes Bell · Bankrate.com

CD rates have lately fallen to levels so low they’re giving CD investors sticker shock. The average yield now on a 1-year CD is now .39 percent, which will earn you a whopping $39 on a $10,000 CD. Rates that low undeniably hurt savers, but they also have a way of magnifying the pain of

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Wednesday, September 21, 2011 3:43 pm
By Sheyna Steiner · Bankrate.com

Deposits at banks have reached record proportions due to fears of a second recession. Unfortunately, many big banks don’t want deposits, as the Los Angeles Times reported on September 17, in the story, “Bank deposits soar despite rock-bottom interest rates.” Among the subtle hints that banks prefer you keep your money anywhere but in their

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Tags: CD rates
Monday, September 19, 2011 2:32 pm
By Claes Bell · Bankrate.com

A few months ago, in an effort to help CD investors plagued by ridiculously low CD rates, my colleague Sheyna Steiner blogged about three alternatives: I bonds, high-yield checking accounts and dividend paying stocks. I’ll add one more: buying an investment property and becoming a landlord. I spent some time surfing around Zillow the other

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Wednesday, September 14, 2011 10:22 am
By Sheyna Steiner · Bankrate.com

Inheriting a CD can cost you money. Though an inheritance is not generally subject to federal income tax, the interest earned on an inherited CD is. To avoid that, you can close the account and withdraw the funds but the bank may charge an early withdrawal penalty in that case. The Web site for the Kansas

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Tags: CD, CDs, inheritance
Monday, September 12, 2011 2:13 pm
By Claes Bell · Bankrate.com

It’s bad enough that CD rates are, as my colleague Sheyna Steiner wrote a few weeks ago, approaching zero percent in a lot of cases. But could banks go past zero and actually end up charging CD investors to safeguard their cash? I don’t think the average CD investor has ever even considered the possibility

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Tags: banks, CD, CD rates
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