CD Archives

By BankingMyWay StaffNo-risk certificates of deposit (CDs) go by many names in the banking industry. They are commonly called no-penalty CDs, risk-free CDs and liquid CDs among other things. Despite their different names, however, they all fit a general model. These CDs offer increased investment flexibility by waiving the penalties for early withdrawals. Read more»

By BankingMyWay.com Staff Brokered certificates of deposit (CDs), much like their name suggests, are CDs that a broker buys from a bank on your behalf. Adding a middleman can increase the annual percentage yield (APY) you earn on your cash, but it also means you might have to do a little bit more research before handing over your money.Here are a few things to consider before buying a brokered CD. Read more»

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DES MOINES, Iowa (AP) — If you had money invested with Texas billionaire R. Allen Stanford's company, Stanford Financial Group, or any of its affiliates in recent years, the FBI wants to talk to you. Read more»

By BankingMyWay Staff Building a CD (certificate of deposit) ladder is a common strategy investors employ to benefit from CD’s high interest rates while still having access to their cash at set intervals.  But setting up a ladder takes time and effort. Depending on how much money you're working with and the flexibility you need, another idea is buying parallel CDs – a few CDs set to mature at the same time -- instead of building an entire ladder. Read more»

by BankingMyWay Staff The stock market’s struggles have spooked many investors into looking for safer ways to earn money on their savings. With volatility showing no signs of going away -- the Dow dropped more than 3% on Monday before rebounding back the very next day -- building a “ladder” out of certificates of deposit (CDs) is one way to earn interest without sacrificing safety. Read more»

By MARCY GORDON AP Business Writer WASHINGTON (AP) — For years, there were red flags — so many they could have massed into a crimson blanket. Read more»

By DANIEL WAGNER and RASHA MADKOUR Associated Press Writers WASHINGTON (AP) — While R. Allen Stanford's investors were swallowing claims of vast returns on safe investments, some of his employees weren't so sure. Read more»

By BankingMyWay Staff The Ponzi scheme run by Bernie Madoff and the newly-uncovered fraud allegedly perpetrated by Allen Stanford show that some returns really are too good to be true. Stanford purportedly defrauded investors on $8 billion worth of certificates of deposit (CDs) after promising impossibly large returns. To avoid getting caught in your own CD nightmare, make sure you choose the right CD for you -- and not necessarily the one offering the biggest interest rate. Read more»