CDs may not the be best deal for every saver if liquidity is a concern.
A step-up CD lets depositor raise the rate on an existing CD. Deciding when is the problem.
Jumbo CDs can be bought for $100,000. See the differences between liquid and CD accounts.
The online-only institution is revising its early withdrawal penalty schedule.
CD rates plumbed new depths in April. Rates varied though. Savers in Cincinnati had access to CD rates half a percent higher than people in Pittsburgh.
This year will see the end of high-yielding CDs issued in 2008. That is bad for the owners of those CDs who will be forced out into the cold yield-barren world of 2013, but borrowers may benefit.
Sometimes struggling banks offer higher-than-average deposit and CD rates to attract customers. Should savers beware of CDs from floundering banks?
The opposite side of today’s low CD rate coin can be found in the ’80s when interest rates were high — on everything.
Last year was a terrible one for CD rates, with Bankrate’s CD averages falling to all-time lows. But will 2013 be any better?
Owners of long-term CDs that mature now are in for a shock. There aren’t many low-risk options that offer yields that beat inflation.