The prospect of future rate hikes will push yields on CDs even higher, making them even more attractive.
More Quotes from Greg McBride:
Fee income is the great stabilizer of bank earnings, particularly in unfavorable interest rate environments such as the one we're currently experiencing.Greg McBride
Shop around, since there's no need to pay some of these fees when the bank across the street doesn't charge them. Also look for free non-interest checking, not an account whose interest is a pittance and requires a higher balance and higher monthly service charge.
Greg McBride
It's the price of not doing business with a particular institution. Just as non-account holders bear the costs associated with an ATM network, banks are now assessing non-account holders for in-branch check cashing,
Greg McBride
The beginning of the year is an opportune time to look at all aspects of your finances. Part of that is getting better organized for 2006.
Greg McBride
It's ratcheting up a quarter point -- every time the Fed raises rates,
Greg McBride
There are some very attractive savings offers for consumers right now. Average rates on certificates of deposit are the highest they have been in almost five years.
Greg McBride
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