Articles
Selected category: CDs
Avoid The TIAA 4-year Diversified Assets Marketsafe CD
I’ve written about TIAA’s “Marketsafe CD” products, and those issued by Everbank prior to its acquisition by TIAA. I’ve suggested that the offering of these products violates the 1933 Securities Act, and I... Read →
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Avoid Municipal Bonds For Now
Those paying taxes this month in States like New York, New Jersey and California have been hit with quite a wake up call over the last few days. Our tax bills, as a result of the 2018 Republican tax cuts, are much higher, especially... Read →
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Kyle Bass Says Interest Rates Will Be At Zero in 2020
There are many people who believe that the 2008-2009 financial crisis marked a seismic shift in the interest rate paradigm and that interest rates will never go back to a pre-crisis “normal”. When Jerome Powell became... Read →
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Jim Cramer Says to Buy CDs
Amazingly, Jim Cramer, the biggest proponent of the stock market was interviewed on NBC’s Today show the other day and couldn't say anything other than to buy CDs. It is a video so extraordinary that you need to watch it... Read →
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I Am Just Not Too Excited About a 1-Year CD at 2.85% APY
There are several well-known online banks that are offering 1-Year CDs at 2.85%. In fact, some banks may even be a little higher. You can see the list of the best online 1-year CD rates here. You may also find better one-year CD rates... Read →
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Avoiding Early Withdrawal Fees on CDs by Withdrawing Only Accrued Interest
Like many people who realized three or four years ago that interest rates were not going to go up at the time, I locked some money into 5-year CDs back then. These CDs are now within a year or two of maturity. The early withdrawal fees... Read →
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Sexy and Dangerous: Avoid the 3.50% Toronto Dominion Callable Step-Up CD
TD Ameritrade is sending out notices to some of its clients offering a new callable step-up CD offered by Toronto Dominion, its parent. This new product - which offers an initial 3.50% APY interest rate - is dramatically more sexy than... Read →
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How to Avoid Early Withdrawal Fees on A CD
As interest rates have begun to rise, I’ve received numerous questions from readers asking about ways that they can get out of paying early withdrawal fees on long-term Certificates of Deposit that they may have bought a couple of... Read →
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Could Trump Fire Fed Chairman Jay Powell?
It is very standard practice that the Chairman of the Federal Reserve is appointed to a 4-year term by the President of the United States. It is also custom that in between appointments, the President refrains from commenting on Federal... Read →
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Interest Rates Rise: What it Means for CDs
Over the last two days, we have seen the 10 and the 30-Year US Treasury rates move higher. The financial media is saying they “spiked” but the 10-year US Treasury is now at 3.20% (from 3.00%) and the 30-year US Treasury is now... Read →
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TIAA Global Growth Marketsafe CD is to be Avoided
Back before TIAA acquired Everbank, the latter made a name for itself issuing CD products that were aimed at unsuspecting, ill-informed customers looking for exposure to emerging markets and/or their currencies. I warned customers about... Read →
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Think Carefully Before You Buy a Five-Year CD (For Goodness Sakes)
Over the last two days, I have been contacted by a number of people who have asked me about 5-year CDs. I am not sure why this is all happening at once. I did learn today that TD Ameritrade is apparently pushing a 5-year brokered... Read →
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Jamie Dimon Suggests that the 10-Year Treasury Could be at 5%
I think Jamie Dimon is the smartest guy on Wall Street. He wasn’t only the brains behind Smith Barney when Sandy Wiell made his run, he also turned around Bank One and has engineered an extraordinary turn at Chase. Plus, he went to... Read →
Avoid the 3.10% 3-Year CD that TD Ameritrade is Hawking
TD Ameritrade sent out an email today to their clients trying to sell a callable CD with an October 2021 maturity that is yielding 3.10% APY. The term of the CD is actually three years and three months. Some BestCashCow users contacted... Read →
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