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6 Month CD Rates March 8, 2010

Posted in March 7th, 2010
by admin in 6 Month CD Rate Updates

Six month bank CD interest rates were down again this week, continuing a downtrend that has seen no abatement in 2010.  The average 6 month CD rate based on the selectcdrates.com survey of the top ten best six month CD rates available nationally fell by three basis points or 3/100 of a percent on the [...]

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The Best Six Month CD Rates February 1, 2010

Posted in February 1st, 2010
by admin in 6 Month CD Rate Updates

Continued economic concerns have placed unrelenting pressure on short term bank CD interest rates.  This week, six month CD rates dropped modestly but it was a continuation of falling rates that has taken place each week since the start of 2010.  The average of the best six month CD rates fell one basis point or [...]

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The Best Two Year CD Rates for June 12, 2009

Posted in June 15th, 2009
by admin in 2 Year CD Rate Updates

The average of for the best two year CD rates available nationally accelerated their decline from the previous week.  Two year CD rates fell by six basis points or 6/100 of a percent for the week to end the week at 2.61% after dropping three basis points last week.  Since the start of May, the [...]

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The Best Five Year CD Rates for the Week of June 12, 2009

Posted in June 15th, 2009
by admin in 5 Year CD Rate Updates

The best five year CD rates available nationally went against the tide by managing to produce a small gain in yield while all other bank CD term rates dropped for the week.  The highest bank rates were unchanged; however, the average of the top ten bank CD rates did increase.  The average of the five [...]

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Five Year CD Rates for June 5, 2009

Posted in June 8th, 2009
by admin in 5 Year CD Rate Updates

Five year CD rates continued their slide, along with rest of the bank CD terms, for the week of June 5, 2009.  The average of the top ten highest five year CD rates declined to 3.56% from 3.61% in the previous week.  The reduction in the five year term CD rates was the smallest percentage [...]

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The Best One Year CD Rates Update Week Ending May 1, 2009

Posted in May 4th, 2009
by admin in 1 Year CD Rate Updates

The average rate for the top 10 best one year CD rates rose by one basis point or 1/100 of a percent for the week ending May 1, 2009.  The bank CD rate average for the one year term stood at 2.61%.  Though the bank rate averages saw only a modest rise, the top one [...]

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The Highest New York CD Rates Update April 24, 2009

Posted in April 30th, 2009
by admin in New York CD Rate Updates

New York state CD rates continue to offer more opportunities than can be found from the national bank rates.  The list of banks moved around the various term lists, however most of the highest CD rates remained stable and continue to outpace the national averages.  Massena Savings & Loan offers the best six month CD [...]

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Five Year CD Rates Update Week Ending April 24, 2009

Posted in April 25th, 2009
by admin in 5 Year CD Rate Updates

The average rate for the best national CD rates with a five year term were unchanged for the week ending April 24.  The top 10 best national CD rates with this term ended the week with an interest rate of 3.51%.  State Bank of India remained on top with the best five year CD rate [...]

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Best One Year CD Rates

Posted in January 25th, 2009
by admin in Money Rates

For the week ending January 23, 2009 the best one year CD rates in are hovering right around a 3.00% with a few banks offering CD rates above 3.00%.  The battle for the top one year CD rate has been fierce with lead changes happening multiple times during the week. 
Flagstar Bank headquartered in Troy, Michigan [...]

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CD Rate Updates

Certificate of Deposit Interest Rates March 8, 2010

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 [...]

Bank Certificate of Deposit Rates February 22, 2010

It seems hard to believe that bank certificate of deposit rates could slide much lower, but the past week was in fact another down week for most all CD maturities.  The results of the selectcdrates.com weekly bank rate survey indicated that CD rates were lower across all terms with the exception of the long term, five year [...]

CD Interest Rates February 15, 2010

CD interest rates continued to slide further in 2010.  The average interest rate on bank CDs available nationally was down slightly on all maturities for the week ending February 12, 2010.  The rate activity among the best bank rates, however,was comparatively modest in light of the across the board drop in the average rates.
The selectcdrates.com [...]

Banking & CD FAQs

Can the bank place a hold on deposits made in cash?
Yes, generally a national bank shall make funds deposited by cash available for withdrawal by the next day—or not later than the business day after the banking day on which the cash is deposited. A business day is a calendar day other than a Saturday, Sunday, or a Federal holiday. A banking day
What is a bank failure?
A bank failure is the closing of a bank by a federal or state banking regulatory agency. A bank is generally closed when it is unable to meet its obligations to depositors and others. When an FDIC insured bank fails, the FDIC becomes receiver of the bank and operates the bank by managing
My mom has a certificate of deposit that is coming due in a few weeks, but I can’t find her paperwork for it. Does the bank require the original certificate or documents to redeem the CD and the accrued interest?
For the most part a certificate of deposit isn’t really a certificate anymore. Most banks issue receipts, rather than actual certificates of deposit and the account is primarily a computer entry. All the owner normally needs to claim the deposit is proper identification to prove they are the owners of the CD account.
What role do boards play in overseeing money market funds?
A money market fund’s board of directors is primarily responsible for ensuring that the fund complies with the SEC’s conditions to limit risk in the fund’s portfolio. The board establishes written guidelines and procedures reasonably designed to stabilize the fund’s $1.00 NAV. The board also must exercise adequate oversight through periodic reviews of
National Averages
CD Rates, Bank Rates,
Fund Rates and Key Rates
6 Month CD Rates
1.29%

1 Year CD Rates
1.67%

2 Year CD Rates
2.10%

5 Year CD Rates
3.22%

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Money Market Act. Rates
1.33%

Savings Account Rates
1.47%

Money Market Fund Rates
3.11%

Tax Exempt Fund Rates
2.39%

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Bank & CD Tips

Shelter from Interest Rate Fluctuations with CD Ladders
CD laddering is a method of investing with secure and safe bank products that allows you to shield your investments from significant interest rate fluctuations.  To create a CD ladder, you buy several bank CDs with varying lengths and interest rates.  Laddering is an attempt to hedge against market volatility in interest rates.  If CD rates go
Bank CDs with Call Features
Some long-term, high yield certificates of deposit have call features, meaning that the issuing bank may choose to terminate or call the CD after a predetermined period of time.  The original investment with accrued interest will be return to the investor.  Only the issuing bank may call a CD, not the account holder.  A bank might decide
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HSBC CD Rates
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Savings Account Rates
WTDirect Savings Account
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