Promotional specials on CDs often don’t appear to be enough to draw consumers to deposit money into CDs.
While the Federal Reserve has given stress tests to the nation’s banks since the financial crisis, the Fed chair’s semi-annual testimony before both houses amounts to Congress’ own version of stress testing the nation’s top central banker. But in her first of two days of appearances on Capital Hill, Fed Chair Janet Yellen’s so-called Humphrey-Hawkins
Banks will keep an eye on their CDs and monitor changes in deposit bases as interest rates rise.
Fed Chair Janet Yellen sounds a cautionary note about the weak recovery of the housing market.
Bonds with very short durations might carry more risk than you think.
I was reading an article on the FDIC website the other day. It’s called “Certificates of Deposit: Tips for Savers.” Interestingly, according to the FDIC, many investors neglect to find out the exact maturity of their CD and are then unpleasantly surprised to find out that it’s much longer than they had thought. In the