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Reload this Page Why are CD rates so low? (loans, borrow, interest, tax)
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Old 01-10-2013, 05:17 PM
 
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Why are CD rates so low? 1.3% ?
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Old 01-10-2013, 05:21 PM
 
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Interest rates on loans are low. This affects CD rates.
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Old 01-10-2013, 05:22 PM
 
Location: Metro Detroit, Michigan
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ZIRP set by our fearless leaders. Seniors around the country are realizing they don't stand a chance...
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Old 01-10-2013, 05:28 PM
 
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2 weeks ago when I looked I saw some 1.8% CD's and today the highest I saw was 1.3%. Does anybody foresee these going back up anytime soon? I would like to get atleast 1.8%
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Old 01-10-2013, 05:39 PM
 
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With the fed and the world commited to holding low rates cash is not the place to have been or even be for any serious money.

The fed warned everyone over and over the economy is not doing well and rates will be kept low.

Banks can borrow from the fed at near zero so they certainly would have to be fools to pay depositors much more then that.
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Old 01-10-2013, 05:58 PM
 
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I also think by keeping rates low, people will to keep their money in the stock market. The gov't wants to keep the DOW as artificially high as possible to keep the sheep happy.
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Old 01-10-2013, 06:01 PM
 
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Nice safe treasury bonds provided awesome capital gains for those who paid attention .

That train may have left the station for the most part but even right up to today various types of bond funds are stll producing gains.

If you thought you were playing it safe by hiding in cash ,surprise!

Historically cash is the riskiest of all asset classes.
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Old 01-10-2013, 06:04 PM
 
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Quote:
Originally Posted by mathjak107 View Post
Nice safe treasury bonds provided awesome capital gains for those who paid attention .

That train may have left the station for the most part but even right up to today various types of bond funds are stll producing gains.

If you thought you were playing it safe by hiding in cash ,surprise!

Historically cash is the riskiest of all asset classes.
Ummmm.......treasuries are tax free!
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Old 01-10-2013, 06:06 PM
 
17,280 posts, read 21,998,333 times
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Originally Posted by Sol Rosenberg View Post
Why are CD rates so low? 1.3% ?
Nice screen name.......Sol Rosenberg, Jerky Boyz

Jerky Boys -Sol Rosenberg's Glasses - YouTube
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Old 01-10-2013, 06:07 PM
 
106,579 posts, read 108,713,667 times
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Originally Posted by City Guy997S View Post
Ummmm.......treasuries are tax free!
Only state tax free
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