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?
CD rates are so low a worm couldn’t crawl under them, particularly in Pittsburgh, which boasted the lowest CD rates in the country for the month of May.
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.