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The Twist pushes CD interest rates lower.  After the Federal Reserve announcement on Thursday when the Fed discussed the Twist, short term and long term bank CD rates moved lower.  The Twist is term given to the FOMC program where the Fed sells short term bonds and buys long term bonds in an effort to
Bank certificate of deposit rates managed yet another week of declining yields.  The best CD rates available nationally were lower across all CD maturities with the exception of the long term bank CDs which ended the week with a modest increase in the average interest rate. The average of the best six month CD rates fell
A Money Market Fund is a mutual fund that is required by the US Securities and Exchange Commission to invest in low-risk, high quality securities. Unlike a Money Market Account, a Money Market Fund is not insured by the FDIC (Federal Deposit Insurance Corporation.) However, the underlying investments that make up the fund