Click to edit Master subtitle style
8/25/11
Online Banking and the trend in CD
RatesThe Current Trend in CD Rates with Online Banking is on a downward slope.
This has been the trend for the past couple of years that has no end in sight.
With
the US Federal...
More
Click to edit Master subtitle style
8/25/11
Online Banking and the trend in CD
RatesThe Current Trend in CD Rates with Online Banking is on a downward slope.
This has been the trend for the past couple of years that has no end in sight.
With
the US Federal Reserve stating they intend to keep interest rates low and
unchanged until 2013 when a new administration will be in the office of the
presidency, those Americans looking for investing help with their money in this
conservative style are basically out of luck.
On August 18, 2011 the national average for the 5 year CD was down to 1.
92
percent.
The 2 year was at 1.
01 percent and the 1 year CD was at 0.
87 percent.
All of these CD rates have moved downward from a year ago where they were
2.
44 percent, 1.
45 percent and 1.
14 percent respectively.
All of these national averages were as reposted by Bloomberg, a trusted and
respected name in the financial world.
When looking at what the online banks have to offer, the best of the
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