CD rates Blog

Thursday, June 30, 2011 2:58 pm
By Sheyna Steiner · Bankrate.com

In order to find the best CD rates in today’s environment, savers need to search nationwide and consider online banks. Bankrate has you covered when it comes to searching for the highest rates but your investing strategy can also boost yields over time, for instance, with a CD ladder. A CD ladder stacks certificates of

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Tags: CD rates
Monday, June 27, 2011 3:58 pm
By Claes Bell, CFA · Bankrate.com

Remember Allen Stanford, the billionaire financier who ended up seeing his financial empire fall among accusations of running one of the biggest Ponzi schemes in history? Unfortunately, two years after Stanford Financial Group collapsed, investors in Stanford’s Antiguan CDs are still waiting to find out how — and if — they’ll be compensated for their

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Wednesday, June 22, 2011 3:00 pm
By Sheyna Steiner · Bankrate.com

The Federal Open Market Committee met today for the fourth time this year. Unsurprisingly, rates were unchanged and that means continuing bad news for CD rates. At the end of this month, the Fed’s $600 billion bond-buying program known as QE2 will come to an end. But the Federal Reserve will continue their policy of

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Tags: CD rates
Monday, June 20, 2011 2:27 pm
By Claes Bell, CFA · Bankrate.com

CD rates, and deposit rates generally, are laughably low right now. Bankrate’s latest numbers for one-year CD rates have the average at 0.44 percent, and the highest rate on Bankrate’s one-year CD rate table is 1.31 percent. So it’s no wonder that many who would normally be saving appear to be taking those extra dollars and

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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, CFA · 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, CFA · 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, CFA · 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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