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5-Year Rate Drop

Thursday, January 9, 2014 - 11:43 PMGE Capital Bank - Details
I see that GE Capital Bank has dropped its 5-year CD rate by one basis point--from 2.01% to 2.00% APY.  Hardly Earth-shattering--but why did it bother with such a petty downward tweaking?  Since 12/1/13, the constant maturity yield for 5-year Treasuries has climbed from 1.43% to 1.75%.  It seems this hasn't made any difference in the 5-year CD market.
OldGuyOldGuy49 posts since
Jan 23, 2013
Rep Points: 813