CD Rate Update

July 17, 2007 on 11:47 am | In Economy |

CD Rates continue to hover in the 5.50 - 5.65% range across?all terms.

This is a bigger improvement on the longer-term CDs than the shorter, because prior to last month, the longer-term rates were in the 5.25 - 5.30% range and the short-term were around 5.35% - 5.45%.

The CPI comes out tomorrow.? This is the Fed’s preferred method to?gauge inflation.

So for now, rates should remain in these levels.? Keep coming back and checking for specials or news that will change rates one way or the other.

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