Before the nitty-gritties, our focus is institutional investors such as banks and credit unions. We don’t give out the names of the banks and/or credit unions on our site, as that is how we make our income. Our aim is to serve and help investors manage their CD portfolios. We only work with FDIC insured [Read More…]

Click to skip to Updates on potential Metrox scam and fraud One of our clients called asking us about this company. I can’t say whether or not they are a fraud or scam at this point, but there are some huge red flags that I want you to be aware of. I did make a [Read More…]

I have updated our average CD Rate graph, adding the week of January 21, 2013. Sorry that we have been quiet for a bit. Just trying to figure out what direction to go with the site. I love writing and providing rate info, but just not sure we are making the connection we desire. So [Read More…]

I have updated our average CD Rate graph, adding the week of October 3rd, 2012. I surveyed the top 30 banks and credit unions that are available in the national market. In the last post, I picked on the credit unions a bit. They had no cd rates in the top 10 on a 1-year [Read More…]

Below is an updated graph of the average weekly retail CD Rates since July 13. Sorry, I have skipped a couple of weeks, but the graph does have some interesting data points. I survey the top 30 banks and credit unions that are available in the national market. 1-Year CD Rates have Risen The first [Read More…]

Excample One of our clients recently rolled over a CD that they have held at the same bank since Feb 2000. They have primarily rolled for a 1-year CD Term; except for the last few years where they have extended a little to boost their yield a bit. With real data in hand, we can [Read More…]

One of the big long-term CD Rate players (Pentagon Credit Union) reduced their 5-year and 7-year rates today. Pentagon typically only changes rates at the beginning of the month (although they have lowered rates a few times mid-month, when a special was getting too much attention or the Fed had a surprise cut). They lowered [Read More…]

Compounding interest is when you place funds in any investment (often a CD) and you leave the interest in the account which then earns interest itself and your final earnings will be much greater. This can also be accomplished in securities accounts by electing to re-invest dividends. Let’s look at a couple of examples. Example [Read More…]