I was searching online for interest rates since my 5 year certificate of deposit is maturing. Needless to say I was in shock when I saw how low interest rates were. I did find one site, ratesorama.com that listed savings account rates and had an extensive list and has bank reviews. Including one of American [...]
Archive for May, 2011
CD rates won’t be going any higher anytime soon. You can thank Bernanke and the Federal Open Market Committee for keeping CD rates low. The FOMC isn’t directly keeping bank CD rates low it just that they are keeping the Federal Funds rate and the Discount rates low to help the economy. These rates are [...]