CD Rates News: Feb. 25

We're back with another roundup of some of the best stories and blog posts around the Web concerning CD rates, Certificates of Deposit, and all things involving saving.

Before we begin, I'd feel remiss if I didn't point out that MoneyAisle.com's CD Rates page contains a new table which features what the national average currently is for CD Rates (provided by our friends at TheStreet.com) contrasted with some of the great rates MoneyAisle's users have gotten by running a reverse auction and having banks bid higher rates against each other. Check it out here: http://www.MoneyAisle.com/cd-rates/

On to the news:

From the
Bradenton Herald:

Create a Strategy for Maturing CDs

Create a fixed-income “ladder.” To combat interest-rate concerns, you might want to build a fixed-income “ladder” by buying several CDs or bonds with varying maturities - short-term, intermediate-term and long-term. When market rates are low, you’ll still have your longer-term vehicles earning higher interest rates. And when market interest rates are high, you can reinvest the maturing short-term bonds and CDs at the higher rates.

(note: you can build a fixed income ladder in one step using MoneyAisle's CD Ladder feature)

From the Money Talks Blog:

Savings Tip Of The Day - Questions To Ask Before You Invest In A CD

Are There Any Call Features?
Callable CDs give the issuing bank the right to terminate the CD after a set period of time, but they do not give you that same right. If the bank calls or redeems your CD, you should receive the full amount of your original deposit plus any unpaid accrued interest.