CD Archives

Inflation is a huge fear among investors, so the notion of a special CD that hedges against inflation is a no-brainer, right? Maybe, and maybe not. Market index CDs do have their good points, including a guaranteed protection on your original investment, and they’re also FDIC-guaranteed up to $250,000. But the downside may not be worth the trouble. Here’s the deal. Read more»

Like Bill Murray’s weatherman, who was forced to live the exact same day in “Groundhog Day” until love came along and gave him a fresh start, the certificate of deposit market seems to be looping around the same weekly reel.The only difference from the movie? There doesn’t seem to be enough love from banks to save CD investors looking for a fresh start of their own.  Read more»

It’s pretty much even-steven for certificate of deposit rates this week, with rates across the board not budging much, according to the BankingMyWay weekly CD Rate Tracker. Read more»

For certificate of deposit investors this week, it’s a tale of two scenarios – neither of which has actually fully played out yet.The glass-half-full crowd sees a suddenly buoyant stock market and a revitalized housing sector as proof that the economy is on the mend. That would likely trigger a boost in CDs as interest rates would once again rise as the economy gets back on a decent growth path. Read more»

Good news in the stock market may be setting the table for higher certificate of deposit rates, but right now, at least, the bun is still in the oven, as the old saying goes.That’s the takeaway from this week’s CD rate on BankingmyWay.com. Read more»

It might be summer, but the living sure isn’t easy for beleaguered certificate of deposit investors.That’s the reasonable conclusion after reviewing the BankingMyWay.com weekly CD rate tracker at the beginning of the week. Read more»

In our “Deals of the Week” segment, BankingMyWay noted the emergence of a penalty-free CD withdrawal from Discover Bank (Stock Quote: DFS). The deal enabled account holders who lost their job to take money from their CD account – with no fees or other financial repercussions. Read more»

A certificate of deposit (CD) is a bank investment product that offers a guaranteed return of principal and interest. With many investors taking big hits in the market, CDs are increasingly popular places for investors to stash their cash while still earning interest. Like other banking products, CDs are insured by the FDIC for up to $250,000 for single accounts and $500,000 for joint accounts (until December 31,2009). Read more»

As you might expect, the combination of a shortened holiday workweek and continued apparent indifference on the part of major banks to give customer better rate deals, slowed down the fixed-income markets. The result? Certificate of deposit rates are languishing this week where they were last week. Read more»