pgroove_fan | | 168 posts since 2019If you hover over [Blog] and click on [Archive] you can then select the year that you define as the "height" of the prior crisis. There will then be a bunch of Blog headlines from back then and you can search for 60 month and 5 year offers. Once you find one, don't forget to check out the graphic history of the CD in question so that you can see how it peaked/troughed over the years.
Bozo | | 1,375 posts since 2011As I recall, 5-yr CDs generally crested in August of 2006 when the Fed paused its rate increases. Rates on garden-variety 5-yr CDs were 5.5% APY, but you could do better. My "best" was at USAA FSB, at 5.9%. In January of 2008, I was able to obtain a 10-yr CD at KeyDirect for 5.65%.
Ratesaver | | 187 posts since 2013I also remember getting 5% cds at a bank now that has .70 for a high... This is nuts... Why are they not looking for money/ cash I can't figure it out and just don't know... Does anyone know what has changed .
Ally6770 | | 4,294 posts since 2010I don't know why rates are much lower but I wonder if they have given the money out in loans in the last couple of years. Maybe even thinking the economy was good gave out more speculative loans. They probably do not want money. And the times are very uncertain. When the scientists and doctors talk about these new rules for out country getting worse and maybe last until Sept I don't think they are ready to take anymore on. The fed started dumping several billions (over $50 billion) dollars every night for the repos in Sept. I believe we have been in trouble for a while and they are running out of tricks. I think the virus was the last straw maybe. I always check out the grocery prices. I shop sales and coupons since I started working in a grocery store in the 50's. If the sales are down or they use tricks then times are tight. I remember when Welch's drink sold for 29¢ but when they sold it for 3/$1 we sold 2-3 pallets of them on Wednesday which was double stamp day. The store have been doing this for a while. Many were starting to even bring your own bags. Something was on sale for 3/$5 but you had to buy 3 or pay $2 each. I said last year that I thought some things were happening that were not good. Most people usually buy groceries they want or need. But I buy what is on sale try to find coupons for them and stock up watching the expiration dates. I learn what time of year certain things are on sale and stock up sometimes for a year. Doesn't take much to know and learn prices. When I went to the. store today those little Easter peeps were $2.19. Last year I bought a pkg for 79¢. I did not get it. Coffee is on sale and I am stocked up but the sizes are smaller again.
anony | | 28 posts since 2019@Ratesaver I think the fed rate was around 4% from late 2007 and dropped to around 2% by mid 2008. So that much changed, anyway. Here we started at like 1% and sunk to 0% right away. But I have no idea why banks back then paid quite a bit over the fed rate and now they are so much lower.
Duck | | 111 posts since 2010Remember getting 6% an 5.5% at WAMU just around 06 but gotta look up the exact dates then Chase brought em out an it was reduced there
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.
