The Fed is likely to modify the phrasing of its policy statement to signal that an increase in the targeted federal funds rate is not a “considerable time” off in the future.
It’s only a few basis points. But CD rates have risen a bit since July 23 in the weekly rate surveys at Bankrate.
The number of Americans who own retirement accounts also fell over the past few years, down to 49.2 percent in 2013 from 50.4 percent in 2010.
Banks will keep an eye on their CDs and monitor changes in deposit bases as interest rates rise.
Consumers have been shifting savings from certificates of deposits to more liquid accounts.
Turkey’s jolt to interest rates could appear appetizing, but use caution before investing.
Investment’s total return: more important than income an investor gets from dividends or interest.
Issues with closing or managing a bank account made up the bulk of complaints.
Buying in to expectations theory will help you feel better about short-term CD investments.
A long-shot currency-linked CD bets that four emerging market currencies will do better than the dollar over five years. Is it worth the risk?