CD Rate Declines
Monday, March 31st, 2008With the fed continuing to cut short term rates to try and fight the pressures of recession. People needing fixed income are finding CD rates dropping like a rock. E-Loan’s current rates for a 3 month CD are running 2.75% APY. But keep your eyes on the long term CD’s as they usually show you how people feel the economy will be in the future. Currently with the 2 year at 3.25% and the 4 year at 3.72%, the rates are starting to show that the downturn is expecting to end within the next 12 to 18 months.
