CD investors can go to the CFPB for redress if slighted by sneaky bank fees.
Bankrate.com tracks CD rates around the country and calculates a national average rate.
The online-only institution is revising its early withdrawal penalty schedule.
After years of steady declines, have CD rates finally bottomed out? Rising Treasury yields may hold the answer.
A California banker is charged with stealing almost $2 million from multiple customers.
The only reason to buy a CD these days is for the piggy bank function. It keeps savers from spending money but doesn’t offer a lot in returns.
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.
A federal judge orders Allen Stanford, perpetrator of a massive Ponzi scheme involving fake CDs, to pay $6.7 billion in penalties.
Finding special CD offers takes some work. Savers may have to call the bank or credit union or go to the website to find out what specials are on tap.
The stereotype of the retiree living off the interest from CDs and savings is gone. The question is, will it ever return? It may take longer than you think.