CD yields have been plummeting since the Federal Reserve dropped short-term interest rates close to zero.
The average promo rate on one-year CDs is lower than the average rate on one-year CDs. Why?
CD rates are depressed everywhere, but it is a matter of degrees.
Promotional specials on CDs often don’t appear to be enough to draw consumers to deposit money into CDs.
What happens when you have to take your required minimum distribution?
Banks will keep an eye on their CDs and monitor changes in deposit bases as interest rates rise.
Don’t just walk into your local bank branch expecting to find competitive CD rates.
Forgetting about that CD can mean lost interest income on your money.
FINRA last week issued a warning to investors being contacted about high-yield CDs.
These charts help to understand how yields and consumer attitudes have affected CD rates.