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CD Interest Rates Contiue to Soar August 1, 2008

Posted by Jay Fitzpatrick in : Uncategorized , comments closed Although the Federal Discount Rate has remained unchanged at 2.00% for the last 3 months, banks have been steadily raising certificate of deposit rates. According to Bankrate data, national 1 year CDs are inching toward 3.30% and 5 year jumbo CDs have gained above 4.20%. Why banks are offering increasingly attractive rates. Futures traders are predicting [...]