Banks Make a Killing on Low CD Rates
CD rates have been very low for a couple of years now. Before CD rates started going down, you could find 12 month certificate of deposit rates in the 4.00 percent to 5.00 percent range. Now 12 month CD rates are averaging just above 1.00 percent.Businessweek and Bloomberg recently published an interesting article titled "Lousy CD Rates? Guess Who Wins." In the article, David Henry says collectively banks have made $56 billion since the Fed lowered the Fed funds rate to an all time low of zero percent to one quarter percent.The article is both interesting and infuriating since it took unprecedented spending by our government to keep us out of a depression, thanks to the risk banks and other financial institutions took. Now we get to leave the deficient burden to future generations.
Read more on "Lousy CD Rates? Guess Who Wins."
Posted in: CD Rates
Rate TablesCD Rates Mortgage Rates Savings Rates Crypto Rates
CD CalculatorsCD Ladder Calculator
Recent CD Rate Articles
Discover Bank CD Rates: Best Deal 4.75% 18-Month CD
Silicon Valley Bank (SVB) Collapse
Barclays Bank CD Rates: Top Rate 12-Month CD at 5.00% APY
Synchrony Bank CD Rates: 14-Month CD Rate at 5.00% APY
5.00% 3-Year Bonus CD Rate from Third Federal Savings & Loan: Best 3-Year Deal
The Fed Increases the Fed Funds Rate: Why Does That Matter to Me?
Start Saving for Retirement in Your 20s and 30s
Is a Brokered CD the Right Investment?
Marcus Savings Account Rate at 3.30% with $100 Promotional Bonus
How to Get a Near Perfect Credit Score
Top 5 CD Rates: 12 Month CD Rates
Affinity Federal Credit Union CD Rates: Promotional Rates 4.50% APY
Can Other Banks Fail Like Silicon Vally Bank (SVB)?
Alliant Credit Union CD Rates: Best Rate 12-Month at 5.00% APY: Updated
4.75% APY 12-Month CD Rates from CFG Bank
Third Federal CD Account Review: 36-Month Bonus CD Rate Now at 5.00%
5.00% 11-Month CD Rate from Capital One Bank: Best CD Deal Overall
Marcus CD Rates: 18-Month CDs at 4.75% APY
Capital One 360 CD Rates – 1 Year APY 4.15%
Barclays CD Rates: 12-Month CDs at 4.25% APY
Alliant Credit Union CD Rates
Ally Bank Offers a Range of Certificate of Deposit (CD) Rates
Chase Bank CD Rates: 2-Year Term 1.97% APY
Capital One CD Rates: 1.75% APY 12-Month CD, 2.50% APY 18-Month CD
BrioDirect CD Rates: 12-Month Term 1.80% APY (Nationwide)
Sallie Mae Bank CD Rates: 2.00% APY 12-Month CD, 2.20% APY 15-Month CD, 2.40% APY 18-Month CD (Nationwide)
LendingClub Bank CD Rates
Woodforest National Bank CD Rates
CIT Bank CD Rates
First City Bank CD Rates
TD Bank CD Rates | Compare Rate Bump and Standard CDs
CD Rates from Banks
CD Rates from Credit Unions