CD rates Blog

Monday, September 19, 2011 2:32 pm
By Claes Bell, CFA · 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, CFA · 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
Wednesday, September 7, 2011 12:00 am
By Sheyna Steiner · Bankrate.com

While most people would give complicated, arcane investments a wide berth, hardly anyone looks askance at the humble certificate of deposit — which makes them tempting bait for scammers. A recent local news story here in south Florida spoke with a victim of a notorious CD scammer, R. Allen Stanford. Stanford stole billions from investors

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Wednesday, August 31, 2011 3:14 pm
By Sheyna Steiner · Bankrate.com

A recent report from Market Rates Insight, a pricing consultant to financial institutions, revealed that savers abandoned CDs in favor of more liquid savings accounts in the first half of this year. In the first six months of 2011, investments in CDs fell from $1,978 billion to $1,884, a difference of $94 billion. At the

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Tags: CD rates
Monday, August 29, 2011 4:02 pm
By Claes Bell, CFA · Bankrate.com

One of the highest priorities for retail banks these days is cultivating a broad relationship with customers, especially customers of the well-heeled variety. To do that, they’ve established private banking services that offer personal service and sweetened rates on products ranging from investment management to mortgages. If you’re a CD investor fed up with low

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Wednesday, August 24, 2011 11:24 am
By Sheyna Steiner · Bankrate.com

I’ve said it here before and here it is again: in the hunt for yield, CD investors should consider credit unions. Credit unions are generally thought to be more consumer-friendly than most big banks and a new survey from TheStreet confirms it. According to the July Credit Power Index, on the basis of national averages,

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Tags: CD rates
Monday, August 22, 2011 3:24 pm
By Claes Bell, CFA · Bankrate.com

It’s looking ugly out there for people who depend on CDs as the primary drivers of their portfolios. Ultra-low CD rates have downgraded the usefulness of even laddered CDs as a long-term investment tool; many CD investors are stuck rolling over maturing CDs with decent rates from a few years ago into the record-low rate

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Thursday, August 18, 2011 7:58 am
By Sheyna Steiner · Bankrate.com

Today’s CD buyers are stuck between a rock and a hard place. FDIC-insured CDs are one of the safest investments around — but they’re also one of the lowest yielding. After last week’s crazy swings in the stock market, the trade-off between safety and yield could seem reasonable to some people. With much more economic

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Monday, August 15, 2011 3:43 pm
By Claes Bell, CFA · Bankrate.com

It seems a lot of CD investors are annoyed with the Fed for keeping federal rates near zero for the better part of three years. They argue the Fed’s loose monetary policy is keeping CD rates so low it’s impossible to earn a decent return. But one thing they might not realize is that in

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Tags: CD rates, fed
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