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.
CD rates tend to be higher in areas bustling with economic activity. If that doesn’t describe your area, don’t despair — go online.
Credit unions offer savers a few advantages over banks including higher CD rates and lower rates on loans.
CD investors should pray against another round of QE, because it would likely mean CD rates even lower than today’s rates.