Investors Perk Up As Bank CD Rates Near 3 Percent

May 20, 2018 by Brian O'Connell

With interest rates rising, bank certificates of deposit are surging ahead of bonds as the apple in investors’ eyes.

In March, after the Federal Reserve hiked interest rates by 0.25 percent, banks, especially online financial institutions, started to inch their CD rates up toward 3 percent. Compare that to terms as recent as 2015, when CD rates stood below 1 percent.

With CD rates on the rise, investment professionals say they’re seeing more long-term investors turning away from fixed-income instruments.

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Originally Posted at InsuranceNewsNet on May 20, 2018 by Brian O'Connell.