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CD Rate Cuts

Saturday, November 16, 2013 - 10:08 AMNationwide Bank - Details
Looks like Nationwide Bank is leaving the "2% Club" on Monday, dropping its non-jumbo 5-year CD to 1.90% APY and its jumbo 5-year CD to 1.95% APY.  It's cut some other CD rates as well.  It must have gotten the message that the Republicans are going to roll over on Janet Yellen.
6
OldGuyOldGuy49 posts since
Jan 23, 2013
Rep Points: 795
1. Sunday, November 17, 2013 - 8:45 AM
Quite right you are OldGuy. Back to 1.50% APY nationally available 5-year CD rates shortly.  Treasury yields have fallen as the markets realize that Yellen will intensify the Fed's efforts to squelch short-term interest rates.
1
ShorebreakShorebreak2,625 posts since
Apr 6, 2010
Rep Points: 14,226
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