Articles
Selected category: CDs
Easing Back Into CDs
My article late in 2016 on BestCashCow about avoiding CDs longer than 1 year as well as CD laddering strategies got a fair amount of feedback and stirred more than a little controversy. After all, BestCashCow is a website largely about CD... Read →
Jumping Into A One-Year CD Is Not Particularly Compelling Here
The best savings rates in online accounts is now in the 1 to 1.05% APY range. You may find a higher rate here on BestCashCow. You may also find a higher rate in brick-and-mortar banks or in credit unions. To boot, some brick-and-mortar... Read →
EverBank’s 5-Year CD Rate is Like the Pool at EverBank Field
EverBank has become very aggressive with their CD rates again - either because they are trying to be on the cutting edge of increasing yields or because they are eager to attract new capital ahead of TIAA’s overpriced... Read →Following the Fed's rate increase yesterday - only the second in over a decade - this is a very bad time to be buying long term CDs, even if it is in conjunction with a strategy of buying short term ones.
Read →This may be a prudent time to shift money from cash to one-year CDs.
Read →The short answer: no.
Read →As interest rates (and the stock market) appear to be headed down over the last few weeks, there has been renewed interest in longer term CDs as a place to hide out, preserve cash, gain yield. ELoan's rates are among the highest on BestCashCow.com's CD tables, but the onerous early withdrawal penalties mean they might not be the best place to put your money.
Read →No, it's not Carnival, but Banco do Brasil Americas has broken out savings and CD rates that are amongst the best in the country for balances of $100,000 or over. If you don't want to deposit that much in the bank, their rates for balances between $10,000 and $99,999 aren't bad either. The chart below shows their rate offerings:
Read →This issue's yield looks attractive, but it should be avoided.
Read →Lucky savers in Ohio will be able to open a 12-month CD from Home Savings that pays 3.00% APY. This is easily the best 12-month CD rate available in the country.
Read →Early termination fees of only 6 months simple interest on the 5 year CDs offered by Barclays and Synchrony make these products more attractive than short term CDs and allow you to approach them as having the option to continue to earn 2.25% APY for as long as US interest rates rates remain low.
Read →On Facebook I saw an ad promoting a Solar Bond that paid up to 5.75%. Intrigued, I clicked over to learn the details. The good news is that the bonds are offered by Solar City, a legitimate, publicly traded company that is a leader in installing solar panels on houses and businesses. The company chairman is publicly traded on the Nasdaq at SCTY. Its chairman is Elon Musk of Tesla and SpaceX fame.
Read →By and large, I think Suze Orman is great. She provides a great service in telling people with little in way of assets how to preserve them. But, I watched her recent presentation on PBS as part of their fundraising effort, and she was giving one piece of advice that is just dead wrong in the current rate environment.
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