Rise In Longterm CD Rates

Reporter | Feb 26, 2014 | 3 posts since 2014

Hi, I am a business reporter. Over the past few months, several banks have raised rates of long term CDs, especially 5-year CDs. I am keen to speak to a few depositors for your views on the rate changes, will it or has it prompted you to shift your money into long term CDs?

Please reply if I can reach out to you separately over email.

Thanks

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Answers

Shorebreak | Feb 26, 2014 | 4,043 posts since 2010

Re: Reporter @ Wednesday, February 26, 2014 - 7:56 AM

"Business reporter" for which publication or media outlet?

It would be nice if you would address your inquiry to the editor of this blog site Mr. Ken Tumin:

Ken Tumin
ken@depositaccounts.com
512-436-3811

Then Ken could determine if this request for opinions of DA members is legitimate. As you must be aware 'phishing' is rampant these days.

Thank you

Reporter | Mar 3, 2014 | 3 posts since 2014

I'm a Bloomberg News reporter. Thanks for your suggestion, I had reached out to Ken Tumin last week.

I am keen on speaking to depositors about whether the rise in long term CD rates has/will prompt them to invest or if they are not enthused by these rate increases. I may or may not quote depositors in the story but would be grateful to hear from you at sjacob19[at]bloomberg[dot]net.
Thanks.

Ken Tumin | Mar 3, 2014 | 5,708 posts since 2009

I've talked with the Bloomberg news reporter, and I can confirm her request for opinions from DA readers is legitimate.

News articles that mention DA help this site a lot. So if you would like to help out DA, please email the reporter.

paoli2 | Mar 3, 2014 | 2,197 posts since 2011

Reporter: What rise in interest rates? Please do share where they are because all the regulars I use have lowered their rates. We had a discussion about this yesterday on DA since some of our posters have CDs maturing. I'd love to know where the higher rates are. Thanks!

paoli2 | Feb 26, 2014 | 2,197 posts since 2011

Seems to me you can get the answers to your question by taking the time to read certain threads. The posters are discussing your topic and sharing what they are personally doing with their money. You can get many pros and cons for long term CDs this way instead of depending on one or two posters who may or may not be willing to discuss this with you. This is the way a lot of us learn what the others are doing. Follow the threads.

Reporter | Feb 26, 2014 | 3 posts since 2014

Thanks for your reply. I need to speak to specific depositors about whether the rate increases have/will prompt them to invest in longterm CDs so that I could name them in a story.