CD rates Blog

Wednesday, June 15, 2011 3:36 pm
By Sheyna Steiner · Bankrate.com

In 2009, Allen Stanford was arrested for running an $8 billion investment scam. He sold extremely high-yielding, yet fake, CDs to unwitting investors. Naturally, many of those optimistic CD buyers ended up losing their shirts when the operation was busted. On Wednesday, the Securities and Exchange Commission, or SEC, announced that some of those investors

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Monday, June 13, 2011 4:00 pm
By Claes Bell · Bankrate.com

If you’re still only shopping for CDs locally, you may be hurting yourself. An analysis of Bankrate data by Alan Klein of American Banker last week shows that regional differences in CD rates can be significant: The two markets bookend a spectrum of prices for one-year certificates of deposit available across 25 large metropolitan areas,

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Wednesday, June 8, 2011 12:56 pm
By Sheyna Steiner · Bankrate.com

In better days, incentives from banks or credit unions would have included generous rates on CDs or savings accounts, but these days generous is a relative term; the truly decent offers are few and far between. One incentive that could, indirectly, boost the payoff from buying a CD targets big-box store members. A recent press

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Monday, June 6, 2011 11:54 am
By Claes Bell · Bankrate.com

People often assume that the bigger your deposit at a particular institution, the better you’ll be treated by the bank in terms of CD rates. On average, CDs over $100,000 do get a slightly higher yield than smaller CDs, but as my colleague Sheyna Steiner noted in this space a few weeks ago, the difference

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Wednesday, June 1, 2011 3:42 pm
By Sheyna Steiner · Bankrate.com

A recent story on Boston.com, the website for The Boston Globe, highlighted the fee-grabbing changes recently implemented by the three biggest retail banks in Massachusetts. At Bank of America, Citizens Bank and Sovereign Bank, early-withdrawal fees have increased in the past few months. Bank of America and Citizens Bank now charge flat fees for cashing

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Tuesday, May 31, 2011 1:20 pm
By Claes Bell · Bankrate.com

Some more bad news on CD rates this week. Despite the fact that global recession is supposed to be a few years behind us in the rearview mirror, with slow growth, inflation fears and sovereign debt crises popping up all over the place, uncertainty is everywhere. It’s no surprise, then, that a new report from Market

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Wednesday, May 25, 2011 3:28 pm
By Sheyna Steiner · Bankrate.com

The rate of inflation is outpacing the highest five-year CD rates. That means that savers are now losing purchasing power if they invest in CDs. At least, one might think, CDs get some rate of return, which makes them only slightly preferable to keeping your savings under the mattress. Consider: The April reading of the Consumer Price

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Tags: CD rates
Monday, May 23, 2011 7:00 am
By Claes Bell · Bankrate.com

In low-rate times like these, nothing gets CD investors’ attention quite as quickly as an ultra-high CD rate. It’s true that many legitimate institutions, including some on Bankrate’s CD rate tables, offer CD rates significantly higher than the national average. But sometimes shady financial providers use eye-catchingly high CD rates to lure in investors, only

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Wednesday, May 18, 2011 2:43 pm
By Sheyna Steiner · Bankrate.com

If I had $100,000 in short-term savings, a jumbo CD is not necessarily where I would put it. These days, savers with jumbo savings are not being compensated for large deposits in CDs. Typically financial institutions require about $100,000 to buy a jumbo CD and they offer slightly higher rates for the larger deposit. As

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Monday, May 16, 2011 3:23 pm
By Claes Bell · Bankrate.com

There’s a high-stakes game of chicken going on in Washington, D.C., over extending the debt ceiling, and CD rates could be just one more casualty if things go too far. If you’re just tuning in to the debt ceiling drama, the debt ceiling is the total amount of outstanding debt the federal government is allowed

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