With the fed lowering rates will that also lower interest rate of a savings CD at a bank
2007-09-19 05:23:10 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
I was looking to invest some money in them for a few months
2007-09-19 05:33:33 · update #1
why put your money in cds when gmac bank is giving you 5.3% APR on a money market account. FDIC insured.
2007-09-19 06:40:29 · answer #1 · answered by D. J 2 · 0⤊ 0⤋
CD costs are mounted at a definite proportion and that's for the dimensions of the term you pick. FDIC insures as much as $250,000 in step with account holder. perhaps there are some millionaires on Yahoo that would answer something of your question. My wager may well be to unfold it around between various institutions in quantities that are coated. yet, brokers (no longer banks) ought to have a distinctive selection because of the fact they're additionally regulated by employing SIPC, NASD and FINRA.
2016-10-09 11:22:48 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Very possibly, but not automatically.
CD's already in effect would keep whatever rate they have.
2007-09-19 05:29:50 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
Yes certainly. Read today's WSJ in the library.
2007-09-19 08:31:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋