CD rates Blog

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
Wednesday, August 10, 2011 1:25 pm
By Sheyna Steiner · Bankrate.com

The unprecedented rate announcement from the Federal Reserve’s Open Market Committee on Tuesday was bad news for savers — two more years, at least, of short-term interest rates close to zero percent. Short-term interest rates as set by the Fed directly influence all manner of consumer loan and deposit products, from car loans to CD

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Tags: CD rates
Monday, August 8, 2011 4:25 pm
By Claes Bell, CFA · Bankrate.com

On a day when the Dow Jones Industrials are down more than 600 points, a lot of CD investors are probably letting out a sigh of relief they’ve got a chunk of money sitting on the sidelines. Unfortunately, the forces pushing stock markets deep into the red don’t really bode well for future CD rates

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Monday, August 1, 2011 1:37 pm
By Claes Bell, CFA · Bankrate.com

I got an e-mail last week from a reader who had found a 5-year CD rate of 3 percent and was wondering if he should jump on it. He knew the rate was above market — the highest 5-year CD rate I find on Bankrate’s CD rate table is 2.4 percent — but he was

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Tuesday, July 26, 2011 4:02 pm
By Sheyna Steiner · Bankrate.com

Nothing like the prospect of financial calamity to make today’s paltry CD rates more palatable. While CD investors may not appreciate yields less than the inflation rate, they may be reveling in the risk-free aspect of CDs right now. CDs are, of course, insured by the Federal Deposit Insurance Corporation for up to $250,000. One

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Monday, July 25, 2011 10:19 am
By Claes Bell, CFA · Bankrate.com

If you’ve noticed a lack of attractive special offers on CD rates, you’re not imagining things. Market Rates Insight has a report out this month showing the APY premium — the usually modest rate bonus banks offer new customers to keep new deposits rolling in — has fallen so low in some cases it’s actually

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Wednesday, July 20, 2011 9:47 am
By Sheyna Steiner · Bankrate.com

Savers just cannot catch a break in today’s interest rate environment. According to Bankrate’s archives, the average one-year CD has yielded under 1 percent since September 2009 — and under 0.5 percent since December 2010. After the erosion of purchasing power through inflation, savers are kind of paying banks to keep their money. But rather

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