Investing Blog

Friday, July 23, 2010 9:44 am
By Sheyna Steiner · Bankrate.com

My grandparents bought me savings bonds when I was born. I spent the money the second it was in my grubby little mitts, which was around 16, if I recall correctly. Since then I’ve struggled with my innate tendency to burn through money like water with varying degrees of success. Rather than giving me the

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Wednesday, July 21, 2010 1:31 pm
By Sheyna Steiner · Bankrate.com

Cue the triumphant fanfare, today President Obama signed the Dodd-Frank Act into law. Whether that signals a new era of consumer protections or a leaden regulatory morass depends on your perspective but hopefully consumers will find themselves being trampled by Wall Street and big banks a little less regularly. In his remarks during the signing

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Wednesday, July 21, 2010 9:40 am
By Sheyna Steiner · Bankrate.com

Most people have probably heard of a zero-coupon bond, or a bond that pays interest at maturity rather than accruing annually. But CDs also come in zero-coupon form. Coupon refers to the interest rate on a bond. According to the website, BondClass.com, zero-coupon CDs, or ZCDs, are issued in maturities between three and 30 years and

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Friday, July 16, 2010 12:31 pm
By Sheyna Steiner · Bankrate.com

A recent analysis from Market Rates Insight reported that in the first week after Regulation E took effect on July 1, the national average rate for deposits dropped 0.06 percent. Regulation E mandates that banks may not automatically enroll customers into their standard overdraft plans. Unless consumers opt in to the coverage, neither debit card

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Wednesday, July 14, 2010 12:31 pm
By Sheyna Steiner · Bankrate.com

Yesterday I asked Herbert Hopwood, CFP and president of Hopwood Financial Services in Great Falls, Va. why investors would buy CDs in an IRA. It’s kind of a silly question but, luckily, Hopwood believes there are no dumb questions, only dumb answers. So he gave me a smart answer. “We consider them like a bond.

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Tags: bonds, CD, CDs
Friday, July 9, 2010 3:27 pm
By Sheyna Steiner · Bankrate.com

Though the FDIC currently insures deposits for up to $250,000 — and will forevermore if the Dodd-Frank Act passes in its current form — some people need more of their cash insured. They can get it by putting funds under separate ownership registrations at one institution or spread their wealth among several banks. Or they

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Tags: CD, CD rates, CDARS, CDs
Tuesday, July 6, 2010 3:24 pm
By Sheyna Steiner · Bankrate.com

Allen Stanford was not the only person in history to think of scamming people using a CD as bait. Back in 2000 the National Association of Securities Dealers launched accusations of fraud at San Clemente Securities Inc. for selling “zero-coupon” CDs and failing to disclose fees and commissions as well as shady investment strategies and

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Tags: CD, CDs, Scams
Thursday, July 1, 2010 12:42 pm
By Sheyna Steiner · Bankrate.com

Let’s be honest, it’s easy to believe we can’t be scammed. But what if the fraudulent instrument is something as benign and unassuming as a CD? In February 2009, the SEC raided the offices of Allen Stanford and charged him with running an $8 billion investment fraud, according to an Associated Press story written at

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Wednesday, June 30, 2010 12:21 pm
By Sheyna Steiner · Bankrate.com

According to Market Rates Insight, a few states have experienced a rise in CD rates or no decrease in rates despite the downward drift nationally. According to the analysis, the states that experienced the greatest increase in CD rates over the first half of 2010 were Illinois, Louisiana and New York. States that have experienced

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Tags: CD rates, CDs
Thursday, June 24, 2010 3:43 pm
By Sheyna Steiner · Bankrate.com

CD rates fell again this week in the weekly interest rate survey. Though one-year CD rates did rally enough to muster up one basis point, maturities between two and five years fell. Not by much, five-year CD rates lost 3 basis points to 2.02 APY. With short-term interest rates set by the Fed as low

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