Articles
Selected category: CDs
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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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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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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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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 →
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 →
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 →
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 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 →
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 →
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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 →
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Constant and Completely Inappropriate Advice on CNBC: “Just Buy the 2-Year Treasury”
The recent rise in the Fed Funds rate and in short term rates – and real fear of economic instability caused by Trumputin’s erratic behavior and US imposed sanctions – is leading virtually every talking head on CNBC 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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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 →
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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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