Best Short Term CD Rates in These Turbulent Times
These are turbulent times, the stock markets are tumbling, gold is hitting record highs and Treasury yields are plummeting what are investors doing? Running for the exit and placing their money into good old bank accounts paying next to nothing. At least CD rates and savings account rates are better than short term Treasury yields.
Right now one of the best CD rates is from Ally Bank. Ally Bank CD rates on 12 month certificate of deposits are currently at 1.19% with a bank CD yield of 1.20%. 12 month Treasury yields are much lower at 0.12% right now.
If you're looking for shorter term CD rates at banks some of the highest CD rates on 3 month certificates of deposit are a lot higher than 3 month Treasury yields. Discover Bank CD rates on 3 month certificates of deposit are at 0.50%. 3 month Treasury yields are one tenth of that rate at 0.05%.
You can search our bank CD rates list or savings account rates list for the best interest rates. If you're searching for mortgage rates you can search our mortgage rates today list for rates from several lenders.
Interest rates will continue to be very low for the rest of 2011 and possibly into 2012 if the economy falls into another recession.
RatesORama.com Average Mortgage Rates