CD Rate Roundup for March. (video)
Posted: March 13th, 2011 | Author: Joe | Filed under: Investing, Saving | Tags: CD rates, Certificate of Deposit, Inflation, Investing, Saving | No Comments »Senior financial analyst with Bankrate.com Greg McBride shares the current state of certificate of deposit rates and the best moves going forward.
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Since interest rates are still near an all-time low, yields on most CD’s are pathetic. Couple that with the specter of rising inflation and it’s a tough road for CD investors and anyone living on a fixed income. It’s not surprising then that Mr. McBride recommends finding the highest yielding CDs.
The problem is that even the highest yielding CDs are unlikely to keep pace with a rapid spike in inflation. Still, if you’re looking for the safety and security of CDs, stick to the shortest terms so you can be ready to renew at higher rates when interest rates begin to rise.
