for questions that relate to the certificate of deposits(CD). A CD is a time deposit, a financial product commonly offered to consumers in the United States.
7
votes
1answer
67 views
Savings Account Rates vs. CD Rates vs IRA CD Rates
I have an IRA at Fidelity, and was looking into rates I could get for new issue CDs. I found that the best rate offered for a 1 year CD was 0.3%. I was surprised by this, as I currently have a ...
0
votes
0answers
33 views
Market Linked CD
I recently read some articles about market linked cds and I was thinking about opening one. However, I wasn't having much luck finding legitimate banks offering market linked cds to individuals. The ...
3
votes
2answers
74 views
Automating Certificate-of-Deposit purchases into a ladder-like scheme
In follow-up to these two questions, how could I automate purchasing CDs on a routine basis (say every month) in the US?
Would it be specific to a given financial institution, or is this a ...
1
vote
0answers
120 views
Formula to decide when to break a CD?
I'm trying to create a CD comparison tool and have been working on a formula to compare a CD with a higher interest rate to a CD I might own with a penalty period. I believe the basic formula idea:
...
3
votes
1answer
81 views
How are days counted when funding a new account within 10 days
I just opened a new CD today and it told me I have 10 days to fund the account. I think the specific wording said "within 10 days." I'd like to know how these days are counted as I am unsure if any of ...
3
votes
1answer
93 views
Better rate for investment between CD or savings
I have been considering either renewing my CD (Certificate of Deposit) from my local Credit Union which is at 1.35% APR (1.3591 %) dividend rate (monthly compounded) for one year. I recently noticed ...
4
votes
2answers
124 views
Accidentally opened a year term CD account, then realized I need the money sooner. What to do?
I opened a year term CD account two business days ago and just found out that I would need that money this year. I searched around the web and it looks like there is a federal law saying that a bank ...
5
votes
3answers
159 views
IRA contributions in a bear (bad) market: Should I build up cash savings instead?
I have a retirement account (not a 401k with a match, just an individual retirement account) and over the last few years have gotten statement after statement of losses on the value of my retirement ...
4
votes
1answer
91 views
Taxation difference between income from credit union (CU) shares versus bank deposits (e.g. CDs)?
This question is a follow-up to Difference between a (credit union) "share certificate" and a (bank) CD?
What is the difference in taxation on "interest" payments versus "dividend" ...
14
votes
2answers
1k views
What is the best way to invest short term without losing principal?
My wife and I were planning to buy a house this year, but the plan fell through, so right now we are sitting on the money that we saved towards down payment and renovations (prior to now money was in ...
4
votes
3answers
108 views
Which bank(s) allow you to open AND close CDs online?
Most banks allow you to transfer money into a Certificate of Deposit (CD) using their website. However, once you open a CD you usually have to call to close or otherwise modify the CD account when it ...
3
votes
2answers
203 views
Understanding details for certificate of deposit: Explain the features of this CD?
Came across a "HARRIS N.A. IL" CD today (you can find the details here), and I'm strugging to understand the details. Here's what's listed:
CUSIP: DSA991209
Pay Frequency: SEMIANNUAL
Coupon: ...
6
votes
1answer
1k views
Difference between a (credit union) “share certificate” and a (bank) CD?
I've seen both Share Certificates and Certificates of Deposit available. Are they the same thing? Do they have different names based on whether they are offered at a bank or credit union? Does one ...
2
votes
1answer
435 views
What are advantages of certificate of deposits compared to a deposit account?
As far as I know when someone wants to deposit money in a bank he can choose between a deposit account and a certificate of deposit. With a deposit account a person is assigned an account bound to his ...
5
votes
4answers
148 views
10
votes
4answers
636 views
What is CD laddering and what are its pros and cons?
I've seen the term "CD Laddering". What is this and what are the benefits and risks of doing it?
2
votes
1answer
65 views
Where can I find the latest and best US CD rates online?
Where can I find the latest and best US CD rates online?
I'm looking for a clean site that provides updated rates, and can also notify me when CD rates change.
6
votes
4answers
582 views
Investing in foreign CDs, is it worth the risk?
I heard Clark Howard talking about foreign currency CDs, and so I looked and indeed their interest rates are much higher than US rates right now (3.75% for a year in Australia).
What risks are ...
7
votes
1answer
79 views
Looking for RSS feed of Certificate of Deposit rates
One of the things I like to do is have Certificates of Deposits (CD). I was able to get a 1% rate at US bank some time ago with a 1-month rollover. However, CD rates are constantly shifting, meaning ...
