Featured 1-Year CD Rates

Popular Posts

Featured Accounts

CD Rates Summary September 13, 2016

POSTED ON BY

CD Rates Summary September 13, 2016

The next Fed meeting is only a week away. The FOMC statement and a press conference by Fed Chair Janet Yellen are scheduled for September 21st. I’m afraid the meeting is likely to be another disappointment for us savers. This Wall Street Journal article described why it’s unlikely we’ll see a rate hike next week:

It is a close call. But with inflation holding below the Fed’s 2% target and the unemployment rate little changed in recent months, senior officials feel little sense of urgency about moving and an inclination toward delay, according to their public comments and recent interviews.

If the Fed decides to wait again, it’ll have only two more times this year when it can raise rates. One of those times is at its November meeting (Nov 1-2) which is only a few days before the election. There’s also no press conference scheduled after the meeting so it’s unlikely we’ll see a rate hike at that time. The next best chance of a rate hike will be at the Fed’s December meeting (Dec 13-14).

The Fed funds future contracts indicate a slightly lower chance of a September Fed rate hike as compared to last week (down from 18% to 15%). Treasury yields of all maturities increased in the last week. The largest increases were on the long-dated bonds. According to this MarketWatch article, “some investors believe central banks are deliberately steepening the yield curve to aid banks that have been too reluctant to lend.” The following numbers are based on Daily Treasury Yield Curve Rates and the CME Group FedWatch.

Treasury Yields:

  • 1-month: 0.25% up from 0.24% last week
  • 6-month: 0.54% up from 0.45% last week
  • 2--year: 0.80% up from 0.74% last week
  • 5--year: 1.26% up from 1.13% last week
  • 10-year: 1.73% up from 1.55% last week
  • 30-year: 2.47% up from 2.24% last week

Fed funds futures' probability of at least one additional rate hike by:

  • Sep 2016: 15% down from 18% last week
  • Dec 2016: 56% up from 52% last week
  • Feb 2017: 59% up from 54% last week

Certificate of Deposit Rates

Overall, CD rates had little movement in the last two weeks. Several additions were due to the inclusion of Achieva Credit Union IRA CDs, most notably the Jumbo 5-year IRA CD (2.55% APY). This requires an active checking account. Without the active checking account, the 5-year IRA CD rate with a $500 minimum is 20 bps lower (2.35% APY). Anyone can join the credit union by first joining the Achieva Foundation.

More additions and rate increases occurred on the shorter-term CDs. These include 12-month CDs at E-LOAN (1.30% APY), Popular Direct (1.30% APY) and at TAB Bank (1.27% APY), 15-month CD at NASA FCU (1.45% APY) and the 20-month CD at Credit Union of New Jersey (2.00% APY, $25k max).

An unfortunate and unexpected trend this year has been the slow decline of long-term CD rates. For example, in January, five internet banks were offering 5-year CD rates from 2.25% to 2.45% APY. Today, the highest 5-year CD rate at an internet bank is only 2.00% APY. Short-term CD rates have held up much better.

Finally, here’s my usual note about long-term CDs with mild early withdrawal penalties.

An alternative to short-term CDs is long-term CDs that have mild early withdrawal penalties. I include the effective yields of a few 5-year CDs when closed early in the tables below. All of these have competitive 5-year CD rates and an early withdrawal penalty of 6 months of interest or less. The combination of a high 5-year CD rate combined with a mild early withdrawal penalty makes these CDs pretty good deals even when closed early. If you want to compare the effective yields of other CDs after the early withdrawal penalties, please refer to our CD early withdrawal penalty calculator.

The risks of planning for early withdrawals of long-term CDs were highlighted by the deposit agreement change at Ally. The risks have also been seen at credit unions which have raised the early withdrawal penalties on existing CDs. I have more details in this blog post.

Savings & Checking Account Rates

In the past I’ve covered savings and checking account rate changes in another weekly summary post. Each week I would publish one post with a recap of savings and checking account rate changes and another post with a recap of CD rate changes. Since there aren’t a lot of rate changes, I’m now alternating these posts. This week I’ll just publish this CD summary. Next week I’ll just publish the savings/checking summary. For both summaries I’ll include the same economic overview. You can always get the latest rates for savings/checking accounts and CDs by using our rate tables. Just use the menu on top.

Here’s the link to last week’s savings/checking recap.

Yields Accurate as of September 13, 2016

Under 1-Year CD Rates

Quorum Federal Credit Union1.40% 10-month Term Account See review
The Palladian PrivateBank1.30% Savings Account promo 6-month rate ($10K min/$500K max)See review
Dime Savings Bank1.10% Dime Direct Money Market (1 year rate guarantee) See review
Northeast Bank1.10% Pearl Money Market Promo (6-month rate guarantee) See review
SafeAmerica Credit Union1.06% 6-month CD Special Easy membership See review

Noteworthy Local Deals - Under 1-Year CDs

Village Credit Union2.00% ($25k) Special Rate 9-month CD8 central Iowa counties See review
Bankers Trust Company1.30% 7-27 month Pick-A-Term CDIowa and Arizona See review
Pacific Alliance Bank1.28% ($25k) Super Savings 2-year rate guaranteeSouthern California See review
Maine Highlands Credit Union1.26% 6-month IRA CertificatePiscataquis County and 12 central Maine communities See review
Popular Community Bank1.26% Optimum Money Market Special (6-month rate guarantee)New York, possibly Northern New Jersey See review
Sterling Bank & Trust1.25% MMA Promo (6-month rate guarantee)Southern California See review
Florida Community Bank, N.A.1.20% ($10k min) Personal High Yield Money Market Promo (90-day rate guarantee) Central and South Florida See review
Mercantil Commercebank, N.A.1.20% ($10k min) 10-month Smart CD South Florida, NYC, and Houston, Texas area See review
Synergy Bank, SSB1.20% 10-month CD Special ($10k min)Dallas/Fort Worth area
University of Iowa Community Credit Union1.20% ($250k), 1.20% ($100k), 1.00% ($1k) 9-month CD Special48 Iowa counties, 4 Illinois counties See review
Capital One Bank1.10% Essential Savings 6-month guaranteeCT, DC, DE, LA, MD, NJ, NY, TX, and VA See review
LOMTO Federal Credit Union1.10% 6-month CDParts of New York City
EastBank, N.A.1.10% 9-month CDNYC metro area See review

1-Year CD Rates

SafeAmerica Credit Union1.40% 14-month CD Special Easy membership See review
State Bank of Texas1.35% ($100k) 1.25% ($25k) 12-month CD See review
Live Oak Bank1.30% 1-year CDInternet bank See review
E-LOAN.com1.30% ($10k) 1-year CD
Popular Direct1.30% ($10k) 1-year Popular Direct CDInternet bank
Community Choice Credit Union (MI)1.27% 11-month CD Special Easy membership See review
TAB Bank1.27% 12-month CD See review
Colorado Federal Savings Bank1.25% 1-year CDInternet bank
iGObanking1.25% 12-month iGOCD
Sallie Mae Bank1.25% 12-month CD
Synchrony Bank1.25% 12-month CD
INOVA Federal Credit Union1.25% 14-month CD Easy membership See review
EverBank1.21% 1-year High Yield Pledge CD Internet bank See review
Quorum Federal Credit Union1.00% 13-month Term Savings CD Easy membership See review

Noteworthy Local Deals - 1-Year CDs

AmeriCU1.55% ($100k) 12-month Jumbo Partner Certificate9 Upstate New York Counties See review
General Electric Credit Union1.55% ($100k) 1-year Jumbo CDSouthwest Ohio
Freedom Federal Credit Union1.50% 52-week Jumbo Certificate ($25k)Harford County, Maryland See review
Idaho Central Credit Union1.50% 12-month Promo CDIdaho
Village Credit Union1.50% ($10k) Special Rate 13-month CD8 central Iowa counties See review
Pioneer Federal Credit Union1.50% 13-month CD Special13 southwestern Idaho counties
We Florida Financial1.46% ($10k) 1-year Jumbo IRA Certificate46 Florida counties See review
The Summit Federal Credit Union1.40% ($75k) 1-year Jumbo CertificatePortions of western NY State See review
South Shore Bank1.40% 14-month Rewards CDMassachusetts
American Eagle Bank of Chicago1.35% SUPER Saver 13-month Add-On CD SpecialChicago metro area
HarborOne Bank1.30% 33-month Special CDCT, MA, ME, NH, RI, and VT See review
Bank of the Ozarks1.30% 13-month CD Special 9 Dallas-Fort Worth branches See review

18-month CD Rates

Credit Union of New Jersey2.00% ($25k max) 20-month Certificate Special w/checking Easy membership See review
Navy Federal Credit Union2.00% ($20k max) 20-month CertificateLimited membership, military relationship
Veridian Credit Union1.60% 15-month Jumbo CD ($100k)Easy membership See review
State Bank of India (IL)1.52% (2.27% 5-year CD closed after 18 months)
USALLIANCE Financial1.51% 15-month CD Special ($100k max)Easy membership
Veridian Credit Union1.50% 15-month CD SpecialEasy membership See review
NASA Federal Credit Union1.45% 15-month CD Special
Lake Michigan Credit Union1.40% 18-month CD SpecialEasy membership
Pacific National Bank1.37% 18-month CDInternet See review
EverBank1.36% 1.5-year High Yield Pledge CD Internet bank See review
EBSB Direct1.35% 16-month EBSB CDInternet bank See review
Live Oak Bank1.35% 18-month CDInternet bank See review
E-LOAN.com1.35% ($10K) 18-month CD
Popular Direct1.35% ($10k) 18-month Popular Direct CDInternet bank
Elements Financial1.35% (2.01% 5-year CD closed after 18 months)Easy membership

Noteworthy Local Deals - 18-Month CDs

Collins Community Credit Union2.01% ($250k), 1.96% ($100k), 1.91% APY ($50k) 19-month CD Special 38 eastern Iowa counties See review
Cedar Falls Community Credit Union1.70% 15-month Jumbo Certificate7 Iowa counties See review
University of Iowa Community Credit Union1.70% ($250k), 1.60% ($100k), 1.50% ($1k) 19-month CD Special48 Iowa counties, 4 Illinois counties See review
First Trust & Savings Bank of Albany, Illinois1.60% 16-month CD SpecialRock Island and Whiteside Counties, IL See review
Farmers State Bank1.57% 15-month CD3 NE Iowa counties
Cedar Falls Community Credit Union1.55% 15-month Special Share Certificate7 Iowa counties See review
Warsaw Federal1.52% 18-month CDCincinnnati, Ohio See review
New Dimensions Federal Credit Union1.51% 15-month Share CertificateKennebec and Somerset Counties, Maine See review
Lincoln 1st Bank1.50% 18-month Variable Rate CDNorthern New Jersey See review
Sunmark Federal Credit Union1.50% 18-month CDCapital Region, Upstate New York
Walpole Co-operative Bank1.50% 20-month CD SpecialWalpole, Massachusetts area See review

2-Year CD Rates

State Bank of India (IL)1.71% (2.27% 5-year CD closed after 2 years)
Hughes Federal Credit Union1.71% ($99k) 29-month CD Easy membership See review
Hughes Federal Credit Union1.61% ($50k) 29-month CD Easy membership See review
Veridian Credit Union1.65% 25-month Jumbo CD ($100k min)Easy membership
Popular Direct1.55% ($10k) 2-year Popular Direct CDInternet bank
Achieva Credit Union1.55% ($75k) 24-month IRA Easy membership See review
Veridian Credit Union1.55% 25-month Special CDEasy membership
TAB Bank1.51% 24-month CD See review
XCEL Federal Credit Union1.51% (2.00% 60-month CD closed after 2 years)Easy membership
Elements Financial1.51% (2.01% 5-year CD closed after 2 years)Easy membership
Hughes Federal Credit Union1.61% ($1k) 29-month CD Easy membership See review
Service Credit Union1.50% 27-month Certificate SpecialSee review - Limited membership
Live Oak Bank1.45% 2-year CDInternet bank See review
Quorum Federal Credit Union0.75% 24-month Term Savings Account See review

Noteworthy Local Deals - 2-Year CDs

Farmers State Bank1.80% 29-month CD3 NE Iowa counties
Manatee Community Federal Credit Union1.75% ($10k) 24-month CD Manatee County, Florida See review
Idaho Central Credit Union1.75% 24-month Promo CDIdaho
Pioneer Federal Credit Union1.75% 25-month CD Special13 southwestern Idaho counties
Cedar Falls Community Credit Union1.60% 25-month Special Share Certificate7 Iowa counties See review
FivePoint Credit Union1.51% 24-month Share Certificate Special5 Texas counties See review
First Federal Credit Union1.50% 25-month CD SpecialLinn County, Iowa See review
Green Bank, N.A.1.50% 29-month CD SpecialAustin, Dallas, and Houston, TX; Lousiville, KY See review

3-Year CD Rates

State Bank of India (IL)1.91% (2.27% 5-year CD closed after 3 years)
Hughes Federal Credit Union1.87% ($99k), 1.76% ($50k), 1.66% ($1k) 36-month CDEasy membership
Achieva Credit Union1.85% ($75k) 36-month IRA Plus Easy membership See review
RTN Federal Credit Union1.85% 37-month CD SpecialEasy membership See review
Connexus Credit Union1.75% 3-year CD w/active chk
SafeAmerica Credit Union1.71% 30-month CD Special Easy membership See review
USALLIANCE Financial1.71% 35-month CD SpecialEasy membership
Veridian Credit Union1.70% 39-month Jumbo CD ($100k)Easy membership See review
Elements Financial1.69% (2.01% 5-year CD closed after 3 years)Easy membership
XCEL Federal Credit Union1.68% (2.00% 60-month CD closed after 3 years)Easy membership
TAB Bank1.64% 36-month CD See review
Popular Direct1.60% ($10k) 3-year Popular Direct CDInternet bank
Veridian Credit Union1.60% 39-month Special CDEasy membership See review

Noteworthy Local Deals - 3-Year CDs

Bent River Community Credit Union2.20% ($200k) 38-month CD Special See review
Collins Community Credit Union2.17% ($250k), 2.12% ($100k), 2.06% APY ($50k), 2.01% ($10k) 30-month CD Special38 eastern Iowa counties
CFCU Community Credit Union2.10% ($100k), 1.75% ($25k), 1.50% ($10k) 33-month Celebration Certificate Special Tompkins and Cortland Counties, NY See review
1st Gateway Credit Union2.05% 40-month CD SpecialEastern Iowa, Western Illinois
Community Financial Services Bank2.02% 33-month CD Special KY, IN, IL, MO, and TN See review
VITAL Federal Credit Union2.01% 36-month CDSpartanburg County, South Carolina See review
Vibrant Credit Union2.00% 33-month CD SpecialIowa, Illinois Quad Cities area
San Patricio County Teachers Federal Credit Union2.00% 3-year CDSan Patricio County, TX See review
Gulf Coast Credit Union1.95% 36-month Share CertificateJim, Nueces, and San Patricio Counties, TX

4-Year CD Rates

Achieva Credit Union2.10% ($75k) 48-month IRA Plus Easy membership See review
Bay State Savings Bank2.00% 48-month CD
NASA Federal Credit Union2.00% 49-month CD Special
State Bank of India (IL)2.00% (2.27% 5-year CD closed after 4 years)
Melrose Credit Union1.81% 4-year CD
SelfHelp Credit Union1.81% 48-month CD
Elements Financial1.77% (2.01% 5-year CD closed after 4 years)Easy membership
XCEL Federal Credit Union1.76% (2.00% 60-month CD closed after 4 years)Easy membership
Popular Direct1.75% ($10k) 4-year Popular Direct CDInternet bank
American Heritage Federal Credit Union1.72% 47-month Bump-Up CDEasy membership See review
EverBank1.70% 4-year High Yield Pledge CD Internet bank See review
Alliant Credit Union1.70% ($25k), 1.65% ($1k) 48-month CD

Noteworthy Local Deals - 4-Year CDs

Institution for Savings2.50% ($250k) 4-year Money Market CD (also requires $250K in MMA)Parts of Massachusetts
Deere Employees Credit Union2.30% 48-month Share CertificateEmployees and retirees of Deere & Company See review
Pelican State Credit Union2.19% 48-month CDRapides Parish, Louisiana
Jefferson Financial Credit Union2.17% ($10k) 48-month Share CertificateJefferson Parish, LA
San Patricio County Teachers Federal Credit Union2.15% 4-year CDSan Patricio County, TX
Beaumont Community Credit Union2.12% 48-month Share CertificateJefferson County, TX
Security Savings Bank2.06% 48-month CDTri-state area of SD, IA, and MN
Member One Credit Union2.05% 48-month CDVirginia
Founders Federal Credit Union2.02% 48-month Share CertificateSouth Carolina
Red Rocks Credit Union2.02% 48-month Share CertificateColorado
Perpetual Savings Bank2.01% 48-month CDOhio See review
Alliance Credit Union2.00% 48-month Share Certificate3 California and 3 North Carolina counties
Federal Employees Credit Union2.00% ($100k) 48-month CDFederal employees and retirees See review for limitations

5-Year CD Rates

Achieva Credit Union2.55% ($75k) 60-month IRA Plus Easy membership See review
Northwest Federal Credit Union2.47% ($250k) 5-year Share Certificate (w/bonus points)Easy membership requirements See review
Mountain America Credit Union2.30% 60-month CD
State Bank of India (IL)2.27% 5-year CD
Signal Financial Credit Union2.16% 60-month Share CertificateEasy membership requirements See review
Melrose Credit Union2.12% 5-year CD
RiverLand Federal Credit Union2.10% 60-month CertificateEasy membership requirements See review
Wings Financial Credit Union2.07% ($90k) 2.02% ($10k) 5-year Share CertificateSee review
AgFed Credit Union2.05% 60-month Share CertificateSee review
Andrews Federal Credit Union2.02% ($10k) 60-month Jumbo CD
Elements Financial2.01% 5-year CDEasy membership
Fort Knox Federal Credit Union2.00% 59-month CD SpecialEasy membership
XCEL Federal Credit Union2.00% 60-month CDEasy membership
Salem Five2.00% ($10k) 60-month CD SpecialInternet bank
eloan2.00% ($10k) 5-Year CDInternet bank
Popular Direct2.00% ($10k) 5-Year Popular Direct CDInternet bank
The Vanguard Group Brokered CD1.70% 5-year non-callable CDIssued by Wells Fargo Bank

Noteworthy Local Deals - 5-Year CDs

General Electric Credit Union2.75% 5-year CDSouthwest Ohio
Deere Employees Credit Union2.65% 60-month Share CertificateEmployees and retirees of Deere & Company See review
Bank of Utica2.50% 5-year CDUtica, NY area
Northwoods Credit Union2.42% ($100k+) 60-month Certificate Carlton, Pine, and St. Louis Counties, MN See review
American United Federal Credit Union2.40% 60-month CD (includes 0.10% rate increase)Salt Lake and Tooele Counties, Utah See review
Collins Community Credit Union2.37% ($250k), 2.32% ($100k), 2.27% APY ($50k) 62-month CD Special38 eastern Iowa counties
IH Mississippi Valley Credit Union2.32% 60-month CD Quad Cities area, IL and IA
Granite Credit Union2.32% 60-month CertificateSalt Lake County, Utah See review
University Federal Credit Union2.30% 60-month CDSalt Lake County, Utah See review
Founders Federal Credit Union2.27% 60-month Share CertificateSouth Carolina
Community Financial Services Bank2.27% 66-month CD Special KY, IN, IL, MO, and TN See review
San Patricio County Teachers Federal Credit Union2.25% 5-year CDSan Patricio County, TX
Educational Systems Federal Credit Union2.10% 60-month Jumbo Star Member CDMaryland

Over 5-Year CD Rates

Andrews Federal Credit Union3.00% 84-month IRA Certificate See review
Apple Federal Credit Union2.60% 120-month CD
Discover Bank2.30% 10-year CD
Andrews Federal Credit Union2.25% 72-month IRA Certificate See review
Elements Financial2.25% 10-year CDEasy membership
Apple Federal Credit Union2.25% 84-month CD
Navy Federal Credit Union2.15% ($100k), 2.10% ($20k), 2.05% ($1k) 7-year CDLimited membership
Northrop Grumman Federal Credit Union2.14% ($40k min) 84-month Bonus Term CDEasy membership
Elements Financial2.10% 7-year CDEasy membership
Navy Federal Credit Union2.10% ($100k), 2.05% ($20k), 2.00% ($1k) 6-year CDLimited membership
The Vanguard Group Brokered CD2.00% 10-year non-callable CDIssued by Discover Bank
The Vanguard Group Brokered CD1.80% 7-year non-callable CDIssued by Discover Bank

Noteworthy Local Deals - Over 5-year CDs

Sharefax Credit Union2.68% ($15k) 80-month Gold Share CertificateSouthwestern Ohio
Financial Center First Credit Union2.50% 84-month Share Certificate10 central Indiana Counties (greater Indianapolis)
Fairfax County Federal Credit Union2.30% ($100k) 72-month Share CertificateFairfax County, VA See review
First National Bank (PA)2.25% 10-year CD Special ($10k)PA, MD, OH, WV
MidFirst Direct2.25% 10-year CDAR, AZ, CA, FL, MO, NH, NV, NY, OK, TX, and WY
San Antonio Federal Credit Union2.25% 10-year CDSan Antonio, TX
Gesa Credit Union2.20% 7-year CDWashington State
Liberty Savings Federal Credit Union2.10% 72-month CD Easy membership See review
Ent Credit Union2.10% 84-month Certificate9 Colorado counties See review
Indiana Members Credit Union2.02% 84-month CD17 central Indiana counties
PeoplesChoice Credit Union2.02% 84-month CDYork and Cumberland Counties, Maine

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

None

CDs Removed, No Longer Available - Local

NorthStar Credit Union5.00% 5-month CD Special ($5k max)DuPage County, IL See review
First Green Bank1.50% ($100k) Money Market 6-month rate guaranteeLake, Orange, and Volusia Counties, FL See review
Horizon Credit Union1.71% 18-month Special CD (w/checking)Washington,8 Idaho and 14 Montana counties See review
BenchMark Bank1.50% 15-month CDColumbus, Ohio area See review
The First National Bank of Santa Fe1.51% 25-month Promo CDNew Mexico and Colorado See review
Space City Credit Union2.26% 5-year Certificate SpecialHouston, TX See review Quorum Federal Credit Union1.35% 17-month Term Savings CD Easy membership See review

CDs Removed, Rate Too Low - National

MySavingsDirect0.85% 6-month My Term CD
Melrose Credit Union1.21% 1-year Share Certificate
EverBank1.40% 2-year High Yield Pledge CD Internet bank See review
EverBank1.55% 3-year High Yield Pledge CD Internet bank See review
CIT Bank1.60% ($100k), 1.50% ($1k), 4-year CD

CDs Removed, Rate Too Low - Local

Oritani Bank1.05% 9-month Loyalty CDNorthern New Jersey
TEXAR Federal Credit Union1.00% 12-month Share Certificate4 Texas and 1 Arkansas counties See review
AmeriCU1.10% 12-23 month Partner Certificate9 Upstate New York Counties See review
Eastman Credit Union1.15% 1-2 year Jumbo Investment Certificate7 Tennessee, 8 Virginia, and 2 Texas counties See review
TEXAR Federal Credit Union1.00% 12-month Online Share Certificate4 Texas and 1 Arkansas counties See review
BenchMark Bank1.20% 2-year CDColumbus, Ohio area See review

Post Publication Edits

9/14/16: Space City Credit Union 5-year Certificate Special no longer available.

9/14/16: TEXAR Federal Credit Union 12-month Share Certificate removed following rate drop.

9/14/16: HarborOne Bank 33-month Special CD added.

9/16/16: EverBank 1- and 1.5-year CD rates lowered.

9/16/16: Quorum FCU 17-month Term Savings CD no longer available.

9/16/16: Quorum FCU 13-month Term Savings CD rate lowered.

9/16/16: Quorum Federal Credit Union 24-month Term Savings CD rate lowered.

Comments
Anonymous
Anonymous   |     |   Comment #1
Despite all of the recent fake FED talk, you can bet there will be no rate hike after next week's FED meeting.
Anonymous
Anonymous   |     |   Comment #2
Don't be duped by these people...The Fed will not raise rates........All they are doing is having one of them play a role and act  so "conflicted" and "concerned" about rates. But it's just a role he was given to play to the nation......a big act. That's all.  It will be done consistently from now on so they can keep the same policy. Don't be fooled.
Ed
Ed (anonymous)   |     |   Comment #3
One of the Fed govenor talked about overheating economy and need to raise rates last week and the Dow dropped 400 points....OMG our stock market cannot handle a 0.25% rate increase!!!

Yellen cannot tank the market until the election!!! OMG they need more QE or negativve interest rate to keep this Ponzi scheme going.
Anonymous
Anonymous   |     |   Comment #4
As usual, the economic data reported just before the next FED meeting is "less than expected" so that the FED can justify a no rate increase decision.
Hoody
Hoody   |     |   Comment #5
and as usual, just prior to any look at a COLA by the BLS, the price of oil is kept in check, (by always finding more supply added) , so you know, no inflation.....smirk...
Anonymous
Anonymous   |     |   Comment #6
I wish some of the noteworthy CD rates were in Michigan. The last good one I saw was 2.5% at Vibe credit union and that was a year ago.
Anonymous
Anonymous   |     |   Comment #7
I wish I could place a bet on the FED not raising interest rates I could have made millions by now. No way will they be raising rates before the election because that would make Obama and the Democrats look bad and hurt Hillary's chances of being elected. The only way Yellen might raise rates is if Trump gets in to make him look bad before she gets the ax.
Anonymous
Anonymous   |     |   Comment #8
In a way I did invest.....but only by luck. I bought a bunch of brokered CD's about 2 years ago (long term) whose market value has skyrocketed......It's nice but also worthless in a way b/c if I sell them where would I put my money? I refuse to invest in anything risky.....so I would have nowhere to go. I guess the only way to profit would be if I really needed the money for something-But don't see it happenning so I will just leave them......They are over 3%.
Anonymous
Anonymous   |     |   Comment #9
I have never done it, but something to think about.  One of the advantages of a brokered CD is if you have a brokered cd that has appreciated in value and have held it more than one year then it might pay off to sell it for a long term capital gain  and pay less taxes (20% maximum tax rate or possibly less) on the gain compared to paying taxes at a possibly higher tax bracket rate for interest earned on the cd.  
Anonymous
Anonymous   |     |   Comment #10
I read this every week about a rate hike.   It's like Linus in the pumpkin patch waiting for the "Great Pumpkin"....it's never coming.
Anonymous
Anonymous   |     |   Comment #14
Not in our lifetime anyway..........
Anonymous
Anonymous   |     |   Comment #11
It's a crime that savers are never considered anymore in this country.  They never talk of the millions of people living on fixed income that always thought they could depend on rates of around 5%.  It's more important for businesses to be able to borrow at rock bottom rates than to give people returns that they were banking on living off of in retirement.  Don't they realize that higher rates will raise the yearly incomes of millions of people, who will pay nearly a third of it back in state and federal income taxes?  The economy got by in the early 80s with savings and borrowing rates in the double digits.  Now, the "scared of its own shadow" FED cowers in fear about raising rates a mere .25% after we're told how good this economy is.  We're continually told a pack of lies and the FED seems to come up with one excuse after another for inaction.  It's time they start paying attention to the people in this country who will benefit from higher rates, and reward them for the sacrifice they've made over the last 8 years in subsidizing this so-called recovery!! Where's our voice??
Anonymous
Anonymous   |     |   Comment #12
When rates go so low for such a long term insurance related products will go south with adjustments in payouts, terms, etc. being permitted to existing contracts in the name of solvency.  Look at those products now and see if time to....
Anonymous
Anonymous   |     |   Comment #16
Savers are not highly valued in a fiat currency world. Individuals, of course, should save for their personal needs but nowhere is it written that the FED (or anyone else) is responsible for paying you 5% on your money. It's a market and at the moment no one wants to pay you 5% for a portion of your savings. Central banks have essentially financed radical deficit spending by governments who live in the moment, reacting to each and every insane public demand. Savers, like many here, are disciplined and prudent. Spend some, save some is the saver's mantra. Governments (and a growing number of individuals) only spend. 
Anonymous
Anonymous   |     |   Comment #13
Well rates may go up if Trump is elected.  I'm not saying that's his plan......But I'm positive nothing will change if Hillary Clinton wins.  Me? I'm voting for Trump!!!
Anonymous
Anonymous   |     |   Comment #15
Oh, but things will change if Hillary gets elected.  Things for most people will get worse while she and her cronies and the top 1 percent  will be laughing all the way to the bank at our expense!
Anonymous
Anonymous   |     |   Comment #17
The USA will cease to exist if Trump is elected.  Then we won't have to worry about our savings any more.
paoli2
paoli2   |     |   Comment #19
Trump at least knows the problems we have and wants to do something about them.  Hillary is all about stuffing billions of dollars into her "charity" farce!  Did you read about hubby's birthday fess?  What a joke on us!  I know we shouldn't be posting political but if Hillary gets in Ken may not have enough members left to be here any longer!  Just my guess.  Better think seriously folks before you pull that lever this election!
#18 - This comment has been removed for violating our comment policy.
Smokeboat
Smokeboat (anonymous)   |     |   Comment #20
When it comes to our government, don't expect much and you won't be disappointed.  As the drunk said on the barstool next to me   "It's the best that money can buy".   Pray for our country.
#21 - This comment has been removed for violating our comment policy.
Anonymous
Anonymous   |     |   Comment #22
The FED silence is deafening.
#23 - This comment has been removed for violating our comment policy.
Anonymous
Anonymous   |     |   Comment #24
The Fed’s insane obsession with forcing people to spend their savings by punishing savers with ZIRP has failed spectacularly for a simple reason: it completely misunderstands human psychology. Now that ZIRP has destroyed the income that was once earned on savings, the only rational response is to save more, not less, despite the Fed’s policy of zero interest rates.
Anonymous
Anonymous   |     |   Comment #25
Yep saving more and investing in monthly paying dividend stocks and longer term CD's is what I have done. I have also cut expenses to the bare bone in order to save even more. If feel like the same liberals who elected Obama twice are going to elect Hillary and interest rates are going to go negative for the first time in history. I'm thinking about buying a fireproof safe for liquid cash if that happens. This feels more like the great depression than a recovery to me.
#26 - This comment has been removed for violating our comment policy.
Anonymous
Anonymous   |     |   Comment #27
USAlliance 15-month ended a while ago