Yuge! CD Rates At 10 Year High!

Finally! You can finally earn money on your CD account.

According to a new report, CD rates are at 3%, a 10 year high.

From cbsnews.com


Although the Federal Reserve has steadily increased interest rates, most savers have not been able to benefit. Traditional bricks-and-mortar banks have largely ignored the rate hikes. Bank of America, for instance, has barely increased its standard savings account rate to 0.03% from 0.01% over the last year, and it is hardly alone among major banks.

There has been intense competition online, however, between internet banks like Marcus by Goldman Sachs, Synchrony Bank, Ally Bank and Barclays, which have been engaged in a pricing war for online savings accounts and 12-month CDs. Last year, Ally Bank was paying 1.00% APY on its online savings account; today that rate is at 1.80%. Meanwhile, the rates on one-year CDs have skyrocketed, and you can now find APYs as high as 2.50%.

But while internet banks have been fighting a fierce pricing battle on the 12-month CD front, the rate on longer term CDs just hasn't budged -- until now. For the first time, savers can now earn more than 3.00% on 3-year CDs. Citizens Access, the online bank of Citizens, is offering 3.00% APY on a three-year CD with a minimum $5,000 deposit. Other internet banks like PurePoint, PopularDirect and SalemFive Direct are also offering 3.00% rates.


Posted Saturday, August 11, 2018

Bertha D. Striplin 3 days ago (report)

Last year, Ally Bank was paying 1.00% APY on its online savings account; today that rate is at 1.80%. Meanwhile, the rates on one-year CDs have skyrocketed, and you can now find APYs as high as 2.50%. Look for more.........

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Michael A Oliverio 3 days ago (report)

WELL 2.50%IS A GOOD START ON YOUR RETURN , REMEMBER , TO GET THE 3.00% YOU NEED 5 GRAND , AND IT WOULD BE GOOD,HELL THE RICH PARASITES (SUCK YOUR MONEY FROM YOU WITH A 16% LONE, OMG THATS MADNESS AND ANYONE GOES FOR A LONE PAYBACK WITH 16% INTRESTS RATE YOU PAY ,,, OK ,,,, INTREST RATE TO PAY YOU BACK ON YOUR CD SHOULD BE AS WELL FAIR, LIKE BETWEEN 3% TO 6% THE ALL 2000+BILLIOAIRS CAN PAY THAT FOR THEY TAKE FROM YOU , OK ME DONE

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