Certificate Of Deposit (CD)

A blog about certificates of deposit (CD's)
and other popular money-market instruments.

Friday, August 06, 2021

Why Certificate of Deposit (CD) Yields Have Been So Low, for So Long...

In case you've been wondering why the annual percentage yields (APY) on CD's have been extremely low for so long, the answer is simple: The Fed.

Why do people looking for the safest investments hate it when the Fed keeps rates as low as they can go for a long time?  Because the returns are paltry.

Here a perfect example: Let USAA Federal Savings Bank hold onto $1,000 of your money for 7 years, and your return is $28.04.

========

========
 
NB: USAA Bank also offers Jumbo and Super Jumbo CD's, with $95,000 and $175,000 minimum deposits, respectively.

========

Labels: , , , , , ,

>  SITEMAP  <

0 Comments:

Post a Comment

<< Home





bing

bing

FedPrimeRate.com
Entire Website © 2022 FedPrimeRate.comSM


This website is neither affiliated nor associated with The United States Federal Reserve in any way.
Information in this website is provided for educational purposes only. The owners of this website
make no warranties with respect to any and all content contained within this website. Consult a
financial professional before making important decisions related to any investment or loan
product, including, but not limited to, business loans, personal loans, education loans, first
or second mortgages, credit cards, car loans or any type of insurance.