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CD rates to decline

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

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 dip 6 basis points to 1.22 percent. The one-year CD yield is expected to fall 2 basis points.

Bankrate's weekly rate survey will be completed by this afternoon. My prediction was that the carnage resulting from Operation Twist would be mostly over by last week.

I also predicted that I was probably wrong, so at least that part was right. Since Operation Twist was announced on September 21, longer-term CD rates have fallen 5 basis points.

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Related posts:

  1. CD rates process the Twist
  2. How low can rates go?
  3. CDs continue historic decline
  4. Mortgage rates bounce up
  5. Mortgage rates remain steady, are expected to stay that way
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2 Comments
Brownie
October 10, 2011 at 3:10 pm

Clark Howard Financial Advisor says inflation will increase in about 5 years thus causing cd rates to increase. I will have to see it to believe this will happen. I don't know what is going on in banking today.

Wolverine
October 06, 2011 at 7:39 am

Pretty soon, you'll have to pay just to have a CD and earn no interest.

Pretty awesome, huh?

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