Apr

23

CD Rates At An All Time Low

Filed Under Investing 

As people continue to look for a way to invest in something profitable, what was once a simple and safe way to make a nice return on investments has now become quite withered up. Bank CD rates have not only gone down, but are at the lowest point they have ever been in history.

For those who were able to lock in a long term investment with banks, they have been able to receive the high yields that they got with their banks when they set up their CD.

Others who have less money, and have been looking for a shorter term Bank CD, have been forced to wait, as rates have gone well below even 2%. most of the larger banks offer the lowest rates compared with local banks. Chase CD rates for example are beating the national average, but are still one of the lowest with interest rates than most other banks.

Will things change at all? Most believe we are still under a serious depression, and that things will only get worse going into 2010, which is the earliest we would even begin to see some change.

For more information on cd rates locally, you may want to get in touch with a bank that is near you and see what current rates are at the time of this writing.

Comments

One Response to “CD Rates At An All Time Low”

  1. 444 on October 23rd, 2009 5:32 pm

    Rates are pretty crappy. I have never been in the market for a CD before, but recently had occasion to think about one. I was shocked at the puny and paltry rates on both CDs and savings accounts. The latter, particularly, seem like a ridiculous joke.

    I decided to pay off a debt with the chunk of money, instead. Better return for me, for sure, that way.

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