certificates of deposit news stories on Newser

Sorry, FDIC Can't Guarantee Interest on That CD

Harry Kimball — Wed, 04 Nov 2009 09:38:29 CST

There’s a little-publicized part of your bank deposit the FDIC doesn’t insure, and it’s driving scrupulous savers up the wall. The logic is simple enough: When the FDIC takes over a failed bank and resells its assets, it allows buyers to alter interest rates, particularly on CDs. This actually makes...

Banks Boost Interest Rates to Lure Deposits

Clay Dillow — Fri, 14 Nov 2008 11:03:01 CST

Banks are boosting interest rates on deposits in an effort to increase the supply of cash available for lending, resulting in what one consultant calls a "national price war," the Wall Street Journal reports. Many banks are pinched between the desire to build up deposits and the shrinking profit margins...

Fed Could Take Credit Crunch Fix to the Bank

Wesley Oliver — Mon, 03 Sep 2007 16:00:00 CDT

If you have CDs or a savings account, you may be contributing, soon enough, to the solution to the credit market upheaval, the LA Times reports. Some investors expect the Federal Reserve to cut short-term interest rates next month, a move that could inspire banks to raise money elsewhere by...