Community Financial Services Bank is offering competitive CD rates to savers in five states.
USALLIANCE Federal Credit Union is offering a handful of worthy CD rates to new applicants.
When interest rates increase, rates on certificates of deposit will follow. Will you be ready?
With the Fed not raising its targeted federal funds rate on Wednesday, investors in certificates of deposit will have to wait on the prospect of higher short-term interest rates.
Does the economy or the Federal Reserve set CD rates? Let’s look at the evidence.
CD rates vary across the country. Find out which cities have the highest rates on one-year CDs and five-year CDs.
Buying a CD through a brokerage may lead to higher CD rates. Be sure to understand the complexities of the deal though.
Since December 2008, interest rates set by the central bank have been virtually zero, leading to low CD rates and even lower savings account and money market account rates.
The megabanks, Chase, Bank of America and so on, typically have little incentive to pay high CD rates.
Besides the banking regulations governing the number of transactions allowed in savings and money market accounts and minimum early withdrawal penalties on CDs, there is a huge amount of variation between banking products.