CD rates Blog

Monday, January 23, 2012 11:44 am
By Claes Bell · Bankrate.com

It’s not just your imagination; 2011 was an abysmal year for CD rates. A new study shows yields on deposit products dropped 21 basis points. Rates for mid-term CDs, or CDs with maturities between one and three years, were hit particularly hard. From Dan Geller at Market Rates Insight: Mid-term CDs, from one to three years, registered the second

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Wednesday, January 11, 2012 4:20 pm
By Sheyna Steiner · Bankrate.com

Interest rates are most likely to stay low for a long time. The Fed has plainly stated that short-term interest rates won’t go up until 2013 and there are some who are predicting that it could be even longer than that. To find out what will happen to rates in the coming year, read Bankrate’s

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Tags: CD, CD rates, CDs
Monday, January 9, 2012 3:51 pm
By Claes Bell · Bankrate.com

A credit freeze in Europe may mean higher CD rates for U.S. savers, according to a new report by Dan Geller of Market Rates Insight. Geller argues that borrowing costs in the European Union could rise significantly, pushing the London Interbank Offered Rate, the primary benchmark for short-term lending rates in Europe, higher. That, in

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Wednesday, January 4, 2012 5:12 pm
By Sheyna Steiner · Bankrate.com

Yesterday the minutes from the most recent meeting of the Fed’s rate setting committee, the Federal Open Market Committee were released. In them, it was revealed that the central bank will be unveiling a new way of communicating the individual member’s thoughts about the path of interest rates. While that will be illuminating for economy

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Wednesday, December 21, 2011 5:25 pm
By Sheyna Steiner · Bankrate.com

As investments go, CDs are fairly easy to understand. In exchange for depositing your money for a set period of time, a bank will, in turn, pay you interest. At the end of that time period, you can take your money and accrued interest and go on your merry way, or you can buy another

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Tags: CD, CD rates
Wednesday, December 14, 2011 12:30 pm
By Sheyna Steiner · Bankrate.com

CD scams are a dime-a-dozen, there is no shortage of scammers out there trying to take advantage of people. But wildly successful scams such as the one run by R. Allen Stanford are unusual — he got away with it for years and operated right under the nose of regulators. Stanford sold fake CD’s in

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Monday, December 12, 2011 5:15 pm
By Claes Bell · Bankrate.com

Where there’s money, there’s Goldman Sachs, so it’s telling the investing giant is getting into the marked for structured CDs. Matt Robinson of Bloomberg reports that Goldman is creating a line of four different structured CDs to meet growing customer demand for a deposit product that can provide some hope of returns beyond today’s rock-bottom

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Wednesday, December 7, 2011 12:50 pm
By Sheyna Steiner · Bankrate.com

As everyone is well aware, CD rates are low and will be low for the near future which makes CDs less than ideal for long-term savings or income. However, CDs are still excellent vehicles for accomplishing short-term savings goals. Not everyone grapples with self-control when it comes to money but the early withdrawal penalty on

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Tags: CD rates, CDs
Monday, December 5, 2011 4:56 pm
By Claes Bell · Bankrate.com

It’s a little ironic that while many CD investors are leaving no stone unturned searching for higher CD rates, millions of dollars worth of CD balances are just sitting unclaimed at banks and in state coffers, waiting for their owners to show up. It’s easy for a CD to become unclaimed property. A CD owner

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Wednesday, November 30, 2011 9:27 am
By Sheyna Steiner · Bankrate.com

CDs have been yielding next to nothing for years now and savers have left no stone unturned in the hunt for alternatives. One alternative, the paper savings bond, will be going away in January 2012. Thereafter, consumers will only be able to buy savings bonds online — for the most part. While the yields on

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