CD rates Blog

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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Monday, November 28, 2011 3:13 pm
By Claes Bell · Bankrate.com

The amount of money held in CDs continued to dwindle this month to the lowest point since 1994, likely because of savers’ reluctance to lock their money in at today’s rock-bottom CD rates. Overall, according to the Federal Reserve, CD accounts held $770 billion as of Nov. 14. Compare that to the $1.2 trillion in

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Tuesday, November 22, 2011 12:37 pm
By Sheyna Steiner · Bankrate.com

Though the number of annual bank failures has fallen since the height of the financial crisis, it’s still all-too common to see banks going belly up. With the Federal Deposit Insurance Corporation on the case banks don’t generally just collapse but instead the FDIC arranges to have another bank take over the failed bank’s deposits.

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