CD Archives

Deals of the Week: March 17
By: Brian O'Connell
We open this week’s edition of Deals of the Week with news from the Federal Reserve that bank interest rates won’t be going up anytime soon. The Fed bases that sentiment on its bedrock assumption that the economy is too precarious right now, and that it intends to keep its key federal funds rate at between 0%-0.25%. Read more»
With the exception of five-year certificates of deposit, CD rates are in decline once again for the week, a downward trend that is causing leading economists to openly wonder whether banks know something that the rest of us don’t — that the economy is heading back into a "double dip" recession. Read more»
Deals of the Week: March 10
By: Brian O'Connell
Are banks growing more accommodating — and will that lead to even more attractive Deals of the Week? It’s hard to say, but we do have one interesting clue this week. Read more»
Along the certificate of deposit spectrum, two-year CDs stand as a beacon of light to frustrated bank investors — they were the only CD class to rise last week (and not by much). Hey, any port in a storm, right? Other than two-year CDs, every other category gave more ground last week, as measured by the BankingMyWay Weekly CD Rate Tracker: Read more»
A few thoughts on the current interest rate picture, and why it’s just about inevitable, despite the lurches and false starts from the U.S. economy, that long-term interest rates are set to rise. Read more»
How did the financial markets respond to the Federal Reserve Board’s decision to lift its discount rate from 0.50% to 0.75% last week? And what does that mean to certificate of deposit rates? Read more»
The mainstream media is finally wising up to the thin gruel banks are offering up to loyal customers via low deposit rates. In this morning’s The Wall Street Journal, Eleanor Laise writes about low bank rates under the headline "The Price of Safety Just Went Up." Read more»
As far as long-term trends go, it’s no coincidence that as U.S. debt levels rise, bank certification of deposit rates are in decline. Believe it or not, things could actually change, even if our nation’s debt picture gets worse. Read more»
These days, you can’t swing a dead loan modification deal without hitting an economist worried about our national debt. Read more»
As long as the economy keeps stalling, just as our political leaders promise us that a recovery is on the way, don’t expect certificate of deposit rates to pop up anytime soon. Read more»
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