Articles
Selected category: CDs
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A Five-Year Certificate of Deposit Paying 3% in 2018 - Revisited
When we began 2018, I wrote an article predicting that that we would see 5-Year CDs offering 3% in 2018, and recommending that depositors wait for the 3-handle before pulling the trigger and buying these products. We have seen 5-year CD,... Read →
6-Month 2.20% Promotional CDs Are a Come-On
About a year ago, some major investment banks began offering their clients promotional CD rates through their licensed banking subsidiaries. Their rates have been higher than nationally available rates and were offered only for “new... Read →
The 10-Year Crosses 3% - As Public Interest in CDs Increases, Avoid Brokered CDs
I have come across a lot of people recently who believe that this is the time to lock into long-term CDs now that the US 10-Year Treasury has crossed 3%. I believe that both short-term and long-term interest rates will be much higher at... Read →
I Bought a Long-Term CD and Rates Have Moved Higher, What Should I Do?
As interest rates have moved up on longer-term CDs, many have found themselves in a quandary over what to do about longer-term CDs that they may have purchased over the last couple of years and that are now yielding less than the going... Read →
The Return of the 6-Month CD
I am only in my forties, but I have been told by my seniors of an era of largely stable interest rates when 6-month CDs offered depositors the ability to earn a premium over savings or money market rates, without the burden of locking up... Read →
EverBank’s 3-Year Petrol Currency Marketsafe CD: A Different View on A Dirty Pool
We’ve written before, multiple times, about EverBank’s currency CD program. We addressed these products most recently here, having first addressed them here. The EverBank 3-Year Petrol Currency Marketsafe CD - like the... Read →
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As Certificate of Deposit Rates Rise, So Too Does their Risk
For many years, Certificates of Deposits (CDs) have provided a relatively safe way for investors to earn a little more than the best savings rates. For this reason, BestCashCow has always recommended that people take a look at short term... Read →
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A Five-Year Certificate of Deposit Paying 3% in 2018
As we begin 2018, 5-year Certificates of Deposit offered nationally and online don't yet earn 3%. Depending on where you live, you may however find a 5-year CD in your city offered by a local bank that pays 3%. Or, you may find a... Read →
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GiftsforBanking.com: Interesting, but not for Everyone
There are a ton of ads floating across the internet offering you an “Ipad” bundle or a new Samsung flat screen TV if you open a new 2-year CD. If you click on one of the advertisements, you will immediately be transported... Read →
EverBank Returns to Its Earlier Monkey Business Following TIAA Acquisition
EverBank today launched a 3-year MarketSafe Emerging Currency CD. I could write ad nauseum here about how inappropriate this investment is for most unsuspecting investors. I could write about why it shouldn’t be called a Certificate... Read →
Three Years Ago, A 5-Year CD Made a Lot of Sense at 2.35%; Now Maybe Not
Three years ago, the best online 5-year CDs were at or around 2.30% - 2.35%. At the time, I put a fair amount of my personal money in 5-Year CDs, and I recommended that readers of BestCashCow to continue doing the same. I obviously... Read →
2.78% APY 4-Year CD vs. 2.78% APY 5-Year CD?
2.78% APY is an excellent rate on a 4-year CD. It is also an excellent rate on a 5-year CD. The 2.78% number is actually much higher than we have seen on a CD of that length in years, and higher than any nationally offered... Read →
Two Months Ago I Bought A 1-Year CD Paying 1.35%; It Was a Mistake
Less than two months ago, I locked into a 1-year CD paying 1.35%. It was the best rate at the time and I really am unlikely to need the cash for the next 12 months (now 10 months). Nonetheless, I know now that I locked in too low. The... Read →
EBSB Direct Is Offering A 19-Month CD at 1.61%
Earlier today, EBSB Direct began offering a 19-month CD a 1.61%. This rate is nationally offered and requires only a $1,000 minimum. At the time of this writing, this rate is higher than any nationally offered 18-month CD and as high as... Read →