CD Rates in the News: September 3, 2009

Here are some of the more interesting recent articles and blogs to pop up regarding cd rates:

Hoboken411 asks: Is CD Laddering Right for you?

For instance, let’s say you have $15,000 to invest. Rather than investing the $15,000 in one CD that maturates at a designated time, by laddering CDs, you may choose to invest $5,000 in each of three separate CDs. In this example, you would then purchase a 90-day, 180-day and a 1-year CD in equal amounts of $5,000. After 90 days, when your first CD matures, you would invest in a new 1- year CD. Every 90 days, a CD will expire and, if the funds are not needed, they will be reinvested in a new CD to take advantage of the higher interest rate.

Mainstreet asks: Have certificates of deposit finally stabilized – and will interest rates bounce back up now that their downward slide seems to be abating?

But below the surface, we’re seeing rates this month pretty much where they were last month – a signal that the month-to-month declines we saw earlier in 2009 may finally be ending. Of course, one month doesn’t a trend make. But, as the old Chinese proverb goes, "every journey begins with a single step."

And, always, you can get clued into what the most recent hot CD Rate is on MoneyAisle by following our rates on Twitter.