CD rates Blog

Wednesday, November 2, 2011 10:44 am
By Sheyna Steiner · Bankrate.com

You may have heard recently that banks were planning to boost income by instituting monthly fees for debit cards. In the face of public outrage banks backed off that proposal but they may have tipped their hand. One way or another, consumers will pay more for banking services in the future — and that could

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Tags: CD rates
Monday, October 31, 2011 3:51 pm
By Claes Bell, CFA · Bankrate.com

Are banks so flush with cash they’re literally turning CD investors and other depositors away? It looks that way, at least with some financial institutions. I’ve been writing for a while now about how the combination of excess deposits and a lack of loan demand at U.S. banks have been depressing CD rates. Last week,

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Wednesday, October 26, 2011 11:15 am
By Sheyna Steiner · Bankrate.com

This blog has been around for a while now but it began well after the Fed drastically lowered the federal funds rate in December 2008. Here’s a quick recap of the entire history of the CD rates blog: CD rates are low, what can you do? A column in the Winston-Salem Journal, “With CD yields

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Monday, October 24, 2011 4:10 pm
By Claes Bell, CFA · Bankrate.com

These days, the safety of FDIC-insured CDs comes at a high premium. Donna Gehrke-White of the South Florida Sun-Sentinel had a troubling article last week on how low CD rates are impacting seniors. From the article: Retiree Joan Siegel, 75, of Hallandale Beach, Fla., is afraid that piddling interest on the federally insured bank accounts

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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, CFA · 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, CFA · 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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