Advertising Disclosure

Popular Posts

  1. Home
  2. Blog
  3. Major Regional Banks: Their Latest Losses and CD Deals

Major Regional Banks: Their Latest Losses and CD Deals

Post a Comment
POSTED ON BY

As this NY Times article describes, four large regional banks reported their third quarter results today. As you might expect, they continue to have problems. Here's a summary of their results:
  • National City - fifth quarterly loss, announced a 14% work force reduction
  • Fifth Third - second quarterly loss
  • KeyCorp - second quarterly loss
  • US Bancorp - reported a quarterly profit, but it fell 47% which was more than expected
Their troubles have probably been the reason behind their CD specials that they've offered for the last several months as they continue to be in need of deposits. If you stay under the FDIC limits, these can be good and safe deals. Here are the latest CD deals from these four banks:
  • National City - 5.00% APY 19-month w/ckk, 4.75% w/o chk (CD review)
  • Fifth Third - 5.05% APY 37-month (CD review)
  • KeyDirect - 5.25% APY 29-month w/chk, 5.00% w/o chk (CD review)
  • US Bank - 4.75% APY 59-month (had been 5%) (CD review)
There are some good deals on longer and shorter term CDs, but the above CDs are just a sample of the most competitive rates. Please note that these specials are not available in all states. Also note that the rates listed in the CD reviews may be out-of-date. Please check the banks' websites for the latest rates. The links to the banks' rate tables are in the reviews.
Related Pages: CD rates

Related Posts

Achieva Credit Union
When a Credit Union Doesn’t Honor the Terms of its CDs
CD Early Withdrawal Penalty: Should You Pay It?CD Early Withdrawal Penalty: Should You Pay It?
What Is a Certificate of Deposit (CD)?What Is a Certificate of Deposit (CD)?


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.