According to an SEC lawsuit, at least four account holders invested $532,000 in CDs in the financial scam.
Since 2007, the percent of families with certificates of deposit has fallen to record lows as CD rates have hit bottom.
CD yields have been plummeting since the Federal Reserve dropped short-term interest rates close to zero.
Promotional specials on CDs often don’t appear to be enough to draw consumers to deposit money into CDs.
Banks will keep an eye on their CDs and monitor changes in deposit bases as interest rates rise.
Forgetting about that CD can mean lost interest income on your money.
These charts help to understand how yields and consumer attitudes have affected CD rates.
A recent survey found that millenials have a large amount of money allocated to cash.
Analysts look to the past to try and understand where CD rates may go this year.
Want to teach your children well, financially speaking? Having them open a CD account is a great way to get started.