For the first time in at least a decade, the average rate of 12-month CD specials fell below that offered on basic CDs of the same term length.
Market Rates Insight revealed that the annual inflation rate topped the rate of the highest-paying CD in early 2011.
A recent study from Market Rates Insight (MRI) discovered that a number of states have seen savings rates rise this year.
A recent report noted that the higher-than-average savings rates commonly associated with online banking institutions may be a thing of the past.
A recent report from MRI noted that competition between banks should intensify this year, as banks look to increase consumer deposits.
The level of bank recovery, national or regional, is directly dependent on job market and real estate recovery of the U.S.
A recent report covering trends from the first week of March 2011 noted that long-term CD rates are trending upward.
Domestic consumer deposits for checking accounts, money market accounts and savings accounts increased in the fourth quarter of 2010.
Consumers who are looking to diversify their investments and increase their savings typically compare CD rates often, as they can be a useful addition to any portfolio.
Despite recent positive economic news, interest rates on money market accounts and certificates of deposit may not rise for some time.