CD rates Blog

Monday, May 2, 2011 4:21 pm
By Claes Bell, CFA · Bankrate.com

Today, while writing a story about the new savings bond rates released by the Treasury, I got to wondering, with CD rates at such ridiculous lows, have savings bonds, particularly I bonds, surpassed them as a savings vehicle? After all, both are backed by the full faith and credit of the U.S. government, and the

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Wednesday, April 27, 2011 3:13 pm
By Sheyna Steiner · Bankrate.com

After today’s Federal Open Market Committee meeting, Fed chairman Ben Bernanke reaffirmed the Fed’s commitment to continuing the quantitative easing program, scheduled to purchase $600 billion worth of long-term Treasury securities through the end of June. The question will be what happens when the Fed stops buying Treasuries? The quantitative easing program was designed to

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Tags: CD rates
Monday, April 25, 2011 4:01 pm
By Claes Bell, CFA · Bankrate.com

This month, banks are reporting their first-quarter earnings, and while many banks are reporting healthy profits, those hoping for higher CD rates in the near future should be worried about the persistent lack of loan growth across the industry. From Joe Rauch at Reuters: Investors looking for loan growth and surging revenues at the biggest

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Wednesday, April 20, 2011 3:30 pm
By Sheyna Steiner · Bankrate.com

Ask for a better CD rate and you may receive one. It depends who you are, which bank you’re asking — and even whom you speak to at that bank. But if you’re in the market for a CD, it can’t hurt to ask. With CD rates scraping through the bottom of the barrel, savers need

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Monday, April 18, 2011 2:30 pm
By Claes Bell, CFA · Bankrate.com

Short-term CD rates have been in the dumps since the Fed frantically cut its key federal funds rate to nearly zero to try and stop the economic free fall of late 2008. Savers would probably love to see the Fed reverse that trend, but with unemployment over 9 percent and the recovery still pretty sluggish,

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Wednesday, April 13, 2011 12:00 pm
By Sheyna Steiner · Bankrate.com

CD rates are relatively bad no matter where you look, but you may find decent yields by bypassing the bank on the corner and heading to the credit union you may have overlooked. In the 2011 credit union checking study, Claes Bell reported that many credit unions still offer free checking with no strings attached. Plus,

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Monday, April 11, 2011 2:39 pm
By Claes Bell, CFA · Bankrate.com

Our annual CD survey is out this week, and this year it focuses on rising-rate CDs, an unusual breed of time deposits that usually comes into play when CD rates are terrible, but looking to get better soon. As my colleague Sheyna Steiner pointed out in this space last week, CD rates have that first

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Wednesday, April 6, 2011 9:42 am
By Sheyna Steiner · Bankrate.com

Records continue to be broken, but for all the wrong reasons. As you know, CD rates are at all-time lows. Since August 2009, the yield on the average one-year CD  has been at record lows, falling below any rates recorded since Bankrate began tracking CD rates in 1983. Prior to August 2009, the previous low was

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Tags: CD rates, CDs
Monday, April 4, 2011 3:54 pm
By Claes Bell, CFA · Bankrate.com

Any piece of legislation as massive and far-reaching as the Dodd-Frank Wall Street Reform and Consumer Protection Act is bound to have some unintended consequences develop over time. Usually we think of unintended consequences as a bad thing; they’re the loopholes that allow companies to get out of paying their fair share of taxes or

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Thursday, March 31, 2011 8:59 am
By Sheyna Steiner · Bankrate.com

Banks have been smacked with the regulation stick repeatedly in the past year or so, and banks have ratcheted up fees in response. Services such as free checking and debit rewards cards have also been curtailed. But are banks also keeping CD rates and money market account rates very low as a way to pad

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Tags: CD rates
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