Five year certificate of deposit rates got hammered in the most recent weekly survey of bank rate activity performed by Selectcdrates.com. The average interest rate for the top ten highest five year CD rates lost six basis points or 6/100 of a percent on the week. The average rate ended the week dipping down to [...]
Rates Current as of Saturday March 13, 2010
Bank & CD Tips
Interest rates rise and fall with the general level of other credit based interest rate accounts. US Treasury securities prices and interest rates are likely move much faster and further than bank CD rates. Short term Eurodollar deposit rates will also tend move quickly to credit market changes. CD rates tend to move in a fairly slow
Some banks offer special promotions or discounts for students and senior citizens on checking acounts and to a lesser extent on bank CDs. Compare checking account offers and ask your financial institution if they have special offers, often the value of these discounts and promotions are worth switching bank accounts.
