CD Rates in the News: August 4

Here are some of the latest stories involving savings, CD Rates, and MoneyAisle around the Web recently:

The Boston Globe featured MoneyAisle in an article about saving and investing:

What’s the best place to stash your savings?

Certificates of deposit. Again, CDs offer a safe insured haven for your money. But in exchange for a better interest rate, you typically have to agree to lock your money up for a period, say six months or a year. On average, one-year CDs are paying just over 1 percent, triple the average for savings accounts and money market accounts.

MoneyAisle.com lets you 'auction' off your business to the bank willing to pay the highest rate.

The Examiner also has an article about the attitude towards saving:

Savings is back in vogue.. who knew?

But wait, there’s more. How about a Vacation Club? And no, I’m not talking Disney. This is an account where you save up a little at a time so when you’re ready to jump on that cruise it’s all paid for.

Well, guess what? In today’s economic times, folks are thinking about using this type of forced savings again rather than relying on credit cards. I love it.