Attention Bankers: It’s Time To Raise Your Sorry CD Savings Rates

Posted on December 19, 2016 by Tipswatch

Summary

  • The Federal Reserve’s key short-term interest rate has increased 25 basis points.
  • Shorter-term Treasury yields have increased as much as 87 basis points since May.
  • But interest rates on bank CDs have barely budged. It’s time for savers to benefit from higher CD rates.

Read my full analysis – and join the discussion – on SeekingAlpha.com

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About Tipswatch

Author of Tipswatch.com blog, David Enna is a long-time journalist based in Charlotte, N.C. A past winner of two Society of American Business Editors and Writers awards, he has written on real estate and home finance, and was a founding editor of The Charlotte Observer's website.
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