FINRA last week issued a warning to investors being contacted about high-yield CDs.
Making savings decisions based on gut instinct can sometimes lead to poor choices.
CD rates are still at historical lows all over the country, but some cities enjoy higher rates than others.
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?