CD Archives

NEW YORK (MainStreet) – With the stock market sinking, cash looks awfully appealing – even though interest earnings are below stingy. But if you want to build up cash in a hurry, where’s it going to come from? Read more»

NEW YORK (MainStreet) —Talk about buzzard's luck. Certificate of deposit investors just can’t get to that high yield plateau. Case in point: The recent debt ceiling debate in Washington. Read more»

  NEW YORK (BankingMyWay) — Attention savers: Keep a close eye on the expiration dates for your CDs, or else you could get locked into a new and stingy deal, and miss out on the bigger yields that might be coming in 2011. Read more»

The economy got a big boost this morning with news from the Conference Board that the American consumer is starting to break open her pocketbook again. Read more»

With Black Friday beckoning, perhaps that infamous holiday moniker fits bank savers like a glove. Certificate of deposit rates remain on a downward spiral, even as most mortgage rates are moving up the scale. Black clouds are indeed hovering over the CD market. Read more»

It’s rare that bank deposit rates decline the same week that U.S. mortgage rates are on the rise – but that’s what happened this week. The drop in certificate of deposit rates, in particular, was a sharp one. As measured by the BankingMyWay Weekly CD Rate tracker, the 12 month CD rate fell from 0.561% to 0.532%. Further up the duration scale, the 60 month CD fell from 1.612% to 1.573%, a precipitous decline of 39 basis points. Read more»

Are the banks conspiring to bring saving rates down? Eyebrows are sure to raise when three good-sized banks lower their deposit rates. In fact, the three banks – Sallie Mae Bank, Ally Bank, and EverBank – are known as some of the more aggressive financial institutions when it comes to popping out high deposit rates. Read more»

The BankingMyWay CD rate board shows a predictable response to the Federal Reserve’s recent announcement of "QE 2", a $600-billion stimulus program for the U.S. bond market that represents a second round of so-called quantitative easing to help the economy. Read more»

Americans take to the polls today in hopes that the buttons they push and the levers they pull will result in a political landscape that supports their economic interests. Make no mistake, this election is all about the economy – any Democrat or Republican would admit that. With unemployment rising and home values plummeting, Americans are anxious, even scared right now, and probably with good reason. Read more»