Bank rates tumbled modestly for the week ending July 29, 2011. Unfortunately, CD interest rates absorbed a significant portion of the reductions seen in bank rates this past week. The reduction in CD interest rates may appear relatively mild but when evaluated based on the existing low levels of bank CD rates; the interest rate
According to this week’s survey of the top ten best certificate of deposit rates available nationally, performed by Selectcdrates.com, bank CD rates have now reached new lows for the year. Bank CD interest rates were down for all terms or maturities again this week.
The average rate for the top ten highest 6 month bank CD
Certificate of deposit rates were little changed overall for the last full week of September but, CD rates were not entirely without their drama. Midterm certificates, accounts with maturities of one and two years in length, moved up with a bit of gusto. The average rate on the top ten one year CDs and two
The best CD rates available nationally ticked up a notch for the week ending May 6, 2011. The average rate for the highest CD rates covering all CD terms surveyed by Selectcdrates.com from three months to five years was 1.383 percent or .014 percent higher than the previous week. The increase in the
Most people are aware of credit reporting bureaus, which are agencies that determine a person’s credit worthiness through a numerical score between 300 and 800, (with 300 being the worst and 800 being the best). However, few are knowledgeable of ChexSystems, an organization that has the same concept as credit reporting bureaus. They
Interest rates on certificates of deposit were lower for the week ending April 10, 2009. Although CD rates have been on a steady decline throughout the year the rate of decline on bank CD yields was been reduced slightly this week. The longer term maturities saw the smallest reduction in rates. On the longer term
CD interest rates pulled off a small increase in yield for the week ending June 15, 2012. The average yield coming from the top ten highest CD rates in the Selectcdrates.com CD rate index increased by 4/1000ths of a percent for the week. The CD rates index averages the ten highest CD rates available nationally
A Certificate of Deposit or CD is normally a fixed-rate, fixed-term investment that is insured for up to $100, 000 by the FDIC, a department in the Federal government.
Because the investment in a CD is for a longer period of time than a savings account of checking account, it pays a rate that is higher
CD interest rates took a mild slide for the week ending August 31, 2012. The average CD rate in the Selectcdrates.com CD rate index dipped lower by a mere 3/1000ths of a percent. The CD rate index, which measures the average rate found on the top ten best three months CD rates, six month CD
The intense stock market volatility surfacing late this summer has done little to impact bank and credit union certificate of deposit rates. While the stock market has seen days in which the major indices have moved by multiple percentage points from the open to the close, CD rates have showed little volatility continuing a mostly
Average interest rates on certificates of deposits moved modestly lower for the week ending March 12, 2010. Although the combined average rate for all bank CD terms measured in the weekly survey of bank CD rates performed by Selectcdrates.com, the rate drop this week was quite mild with two of the four maturities measured showing
Banks, like credit cards and brokers before them, are hoping their customers stay safely unaware of what the financial industry actually entails. Fortunately for banks, most customers are living up to the industries very low expectations. The vast majority of banks, especially those with large downtown offices and football stadiums, don’t operate with
Bank certificate of deposit rates for the week ending November 13, 2009 were lower for all maturities with the exception of the five year term bank CD. The greatest CD rate reductions were on the mid term, two year bank CDs with the short term rates experiencing only a mild decrease in the average interest
A high yield certificate of deposit account should be just one segment of an overall financial portfolio. However, selecting the right bank CD should not be looked at with little regard for risk and reward.
Bank certificates of deposit always provide safety and security as well as a predictable rate of return. When the stock market
Banks make money by accepting money from you and paying you interest on the money and then loaning it out a higher rate of interest. That sounds like a good way to make money, but banking is competitive and there is a bank on every corner trying to do the same thing.
So, banks have