Personal Finance Advice and Commentary

In September, the highest one-year CD rate was 0.45 percent, the lowest was 0.14 percent. Learn more at Bankrate.com.

Buying a one-year CD sporting a rate under 1 percent can be hard to swallow. The prolonged low-rate environment has caused a sustained drop in income for retired people and those nearing retirement.

Are “death puts” a way to get long-term CD rates without locking heirs in?