CD Investing News

That's right fellow CD enthusiasts, the days of 4% and higher rates of returns are gone.  These days the best deal you can find is maybe Ally Bank's 1.59% APY on a 12 month CD. 

Remember to check with your community bank first and forget the big banks.  Sure the yields are low, but there is almost zero risk involved by going with a FDIC insured bank CD.

Its been a while since we've seen a CD that's worth your attention. But the good folks at Ally Bank that are backed by the U.S. Government and what's left of GMAC are the Wal-Mart of high yield CDs. If you can't beat em, join em.
Currently the government owns nearly 35% of GMAC under the terms of a $12.5 billion bailout of the Detroit-based company.

Its been a while since we've seen a CD that's worth your attention.  But the good folks at Ally Bank that are backed by the U.S. Government and what's left of GMAC are the Wal-Mart of high yield CDs.  If you can't beat em, join em.
Currently the government owns nearly 35% of GMAC under the terms of a $12.5 billion bailout of the Detroit-based company.

Where have all the good CD rates gone? They have vanished.  These days you should be searching for local deals because the best national offer is lame at best.  You can try Ally Bank but to really get a decent CD rate, you'd have to travel back in time to the 1980's, because, where have all the good times gone?

There really are few options for short term high yield cds, as you know the Masters prefer the 3, 6, or 9 month options.  About the only enticing offer we could find this week comes from AIG Bank, that's right, they are part of that lovely company American International Group, Inc. (NYSE:AIG) which American taxpayers coughed up $182 billion to bailout.

The best bang for your buck when searching for high yield CDs has got to be the 3 Month Offer. Why lock your funds away for any longer than that? Three month CDs provide you the flexibility to move your money after a short amount of time and that bet is worth placing with a recovering U.S. economy. This week, the winner goes to Ally Bank.