CD rates Blog

Monday, March 28, 2011 2:50 pm
By Claes Bell, CFA · Bankrate.com

Rock-bottom CD rates are about as popular with Americans as TSA pat downs and ticket scalpers. Anyone who has money languishing in CDs paying little to no interest is probably pretty annoyed about it. But if low CD yields are really hurting you — reducing your ability to meet basic expenses or forcing you to

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Wednesday, March 23, 2011 3:58 pm
By Sheyna Steiner · Bankrate.com

With enough of a nest egg a retiree could live off of the interest from CDs alone. These days, however,  that nest egg would need to be the size of Texas to provide a reasonable income. While most financial advisers would likely recommend against putting all your retirement eggs into one basket, CDs will always be in

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Tags: CD rates
Monday, March 21, 2011 12:26 pm
By Claes Bell, CFA · Bankrate.com

Jane J. Kim has an article this month in the Wall Street Journal on how banks are finally beginning to bump up CD rates, especially on longer-term CDs. In general, rates had fallen since the financial crisis. “Last week was the first broad-based move higher in quite some time,” says Greg McBride, senior financial analyst

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Thursday, March 17, 2011 8:13 am
By Sheyna Steiner · Bankrate.com

For savers and investors living off interest income, typically retirees, low CD rates are a major problem. For people whose working days are behind them, persistently low interest rates have resulted in drastic reductions of income. In order to increase returns, many retirees have been forced to take on more risk in their investments but

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Tags: CD rates
Monday, March 14, 2011 1:59 pm
By Claes Bell, CFA · Bankrate.com

If you’re a CD investor, no one needs to tell you that CD rates are depressingly low right now. But it’s worth remembering that despite three years of sliding yields, there is still a significant difference between the average CD rate and the highest yield CD rates out there. So if you’re still rolling CDs

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Wednesday, March 9, 2011 10:02 am
By Sheyna Steiner · Bankrate.com

As the economy chugs through this era of low interest rates — with the corresponding low CD rates – a few interesting index CDs have popped up to fill the CD-income void. For instance, EverBank has a line called MarketSafe CDs that are linked to various markets including currency, Japanese REITs, metals and, their latest CD

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Monday, March 7, 2011 2:43 pm
By Claes Bell, CFA · Bankrate.com

Historically low rates on certificates of deposit could be fueling the next junk-bond bust. As I was working on an upcoming story on some of the perils of investing in high-yield, high-risk foreign bonds, one thing that kept coming up in the interviews was how ultralow CD rates seem to be pushing Americans into riskier

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Thursday, March 3, 2011 11:08 am
By Claes Bell, CFA · Bankrate.com

J.D. Power has a new report out on how people shop for a new bank, and some of the results are a little surprising, at least for me. The study found that the biggest factor that attracted new customers to a bank was brand image, followed closely by advertising and having bank branches in convenient

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Wednesday, March 2, 2011 12:38 pm
By Sheyna Steiner · Bankrate.com

In this era of ultra-low savings rates, it’s difficult to see the allure of CDs. Luckily, today’s interest rate environment is not the norm. The Federal Reserve Bank of New York lists changes to the federal funds rate since 1971. Until December 2008 short-term interest rates had never dipped below 1 percent. Short-term interest rates

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Tags: CD rates
Wednesday, March 2, 2011 12:07 pm
By Claes Bell, CFA · Bankrate.com

According to a report by the Dallas Fed (via Mark Thoma), core inflation crept upward in January. If that trend continues, we may see the Federal Reserve raise the federal funds rate, which would in turn cause banks to offer higher CD rates. Here’s Dallas Fed senior economist Jim Dolmas: Core PCE (personal consumption expenditures)

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