Bank CD Rates for the Week Ending August 21, 2009
Naperville, IL (PRWEB) August 25, 2009 -- While the FDIC continues to close banks and the stock market pushes ahead, certificate of deposit rates held steady for the week ending August 21, 2009. 2009 has been a disappointing year for interest rate sensitive investors such as certificate of deposit holders as interest rates have been on a steady course that has led to declining yields. This week's survey of the best CD rates (http://www.selectcdrates.com) available nationally performed by selectCDrates.com has indicated a possible bottom to the downward slide.
The average for the best one year CD rates actually gained ground week over week according to selectCDrates.com's weekly national survey of bank CD rates. The one year CD rate ended the week at 2.07%, an increase of three basis points or 3/100 of a percent for the week.
The best two year CD rates remained unchanged for the week. Two year CD rates held at 2.36% to close the week according to the weekly survey.
Five year CD rates also gained on yield for the week. The best five year CD rate average increased by one basis point, ending the week with a yield of 3.37%.
The six month CD rates bucked the trend and moved modestly lower. The average of the best six month CD rates fell by one basis point, closing the week at 1.75% from the prior week's average of 1.76%.
Whether this is actually the end of the slide in CD rates is not clear. With the Fed clearly indicating there will be no imminent interest rate hikes in the near future and the U.S. economy not likely to move at a brisk pace anytime soon, significant improvements in CD rates seems unlikely.
Forecasting the direction of interest rates is a daunting task during normal business cycles and is clearly more challenging during this unprecedented economic turmoil. Forecasting interest rate movements is always susceptible to changing events that can impact interest rate markets and forecasts, with record budget deficits, continued bank failures and consumers weighted down with excessive debts and mounting job losses, uncertainty looms larger than ever.
High CD rates are still available and can be found mostly at the state level. At the close of 2008, most high rate CDs were being offered by online banks, national banks or banks that were headed for failure. Now the list of banks paying the best CD rates can be found among the regional banks, state banks as well as community banks.
The best one year CD rates in Florida (http://www.selectcdrates.com/florida-cd-rates-best-six-month-cd-rates-1-year-cd-rates-2-year-cd-rates-and-5-year-cd-rates-in-florida/) are well above the national rates. The highest CD rate with a one year term is now 40 basis points higher than the best national bank CD rate. The best two year Texas CD Rates (http://www.selectcdrates.com/texas-cd-rates-best-six-month-cd-rates-1-year-cd-rates-2-year-cd-rates-and-5-year-cd-rates-in-texas/) follow a similar pattern, with the highest CD rate in Texas on a two year term surpassing the best national CD rate by 50 basis points.
To learn more about national and state bank CD rates, visit www.selectCDrates.com.
Bank CD rates covered by selectCDrates.com include national bank CD rates and state bank CD rates. CD rates can be veiwed by region as well such as South Florida CD Rates (http://www.selectcdrates.com/florida-cd-rates-best-six-month-cd-rates-1-year-cd-rates-2-year-cd-rates-and-5-year-cd-rates-in-florida/).
SelectCDrates.com is the leading industry tool for selecting the best CD rates. SelectCDrates.com provides bank rate data on banks locally and nationally to help consumers quickly find the best rates to fit their needs.
###
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
|
|
 |
 |
|
Link Exchange, Chart Topping CDS Resources, Links
Links and Resources Chart Topping CDS
Usefulness of DVD CD duplication
DVD CD duplication is a process by which data is burned onto a blank disc, in the same way as you burn disc in your PC, but the companies involved in CD duplication use bulk copiers to make several replicas of master copy at the same time. The master DVD or CD is duplicated onto a high quality media which is easily compatible with most of the electronic hardware.
Buying a Car Radio
This guide will help you choose the right radio, CD, MP3 Player or CD Changer for you and your car.
Musical CD Gift Sets
CD sets are two or more CDs having similar files It could be musical files, instructional videos or virtual books
The World of CD Sets
Cd sets are modern instruments that facilitate learning in many ways Learn more about this revolutionary technology
Say Good-Bye to Plastic CD Cases and Say Hello to Printed CD Sleeves
Precision Disc Manufacturing Corp., , has been a leading CD and DVD manufacturing company since its inception in 2001. With a growing focus on more environmentally-friendly disc packaging solutions, the company has enhanced their in-house print and bindery capabilities in order to replace traditional plastic CD cases with a growing number of recyclable and no-plastic packaging materials such as printed CD Sleeves.
Sharp's Time Saving UX-CD 600 Communications Center With Sharp UX-CD 600 Toner
The Sharp UX-CD 600 Communications Center is a circa 2003 combination two-line (expandable to 8) multi-user phone console, copier, fax machine, and answering machine. The Sharp UX-CD 600 Communications Center uses a UX CD600 toner () and the fax printer doubles as the copier.
Country CD Sets
Country CD Sets
Understanding CD Duplication & Services of CD Duplication Companies
CD duplication is the process of copying data from one CD to another through the process of burning especially in large commercial quantities. Though many people use the term CD duplication and replication interchangeably, there are gross differences between the two. Though both processes transfer information onto CDs, duplication is the process of burning what we call pits onto a CD surface and normally undertaken by CD Duplication Companies. The device which does the burning is called a CD burner can be inexpensively found on home PCs. CD replication on the other hand obtains an imprint from a master CD and stamps the data in binary form on the CD. In CD Duplication, the duplicate is of the same or inferior quality as the original. No a ...
CD Duplication - Basics
CD duplication (copying of CD's) has become very popular because it is really very easy to do and not expensive. It can also be a controversial issue with all the legal issues concerning copyright etc which you need to be aware of. The laws and regulations are complex and will vary from country to country and state to state - so you will need to check that out for yourself to be sure that you are not CD duplicating illegally. If you are using CD duplication for your own use and copying files from your computer or from CD's which belong to you then you need not concern yourself too much about this. If you make multi copies of a commercial CD for distribution to friends or more importantly for sale to the general public then you really must m ...
Producing Your Own Indie CD - How Source Inexpensive CD Duplication Equipment
You sweat out the sessions; the tracks have all been nailed down, now what How do you get a bunch of CDs made so you can bring them and sell them at your next gig
Overview Of CD RIP Software
CD rip software is available all over the Internet. If you want to rip a cd, you'll need software capable of copying music off your cds. That is what's meant by ripping. Once that music has been copied off the cd, or ripped, it then needs to be converted into a format that can be stored on a computer hard drive. For most music lovers, the preferred end result is to rip a cd to mp3 format.
Bank CD Rates for the Week Ending August 21, 2009
This week's survey of the best CD rates available nationally performed by selectCDrates.com has indicated a possible bottom to the downward slide in CD rates.
Burn CDs Like The Professionals
Anyone who has burned a lot of CDs has undoubtedly encountered this problem. Your CD will not play in certain CD players. You've tried different brands of CDs. You've even tried switching the write speed of your CD burning software. Yet, nothing seems to work.
|
 |
|
