CD Rates Blog

When I cobbled together my estate plan, way back when, I provided specific bequests to three legatees.

We’ve had ZIRP and we’ve had TALF. We’ve had QE1 and QE2.

Now we have Operation Twist.

I’m not particularly interested in "social issues," or the size of government, or even whether taxes are too high.

I had big plans for the money I got back when I recently closed several CDs.

But they were hampered by the U.S. ratings downgrade, Bernanke’s virtual pledge to keep short-term interest rates near zero until mid-2013, the European debt debacle and the resulting flight to safety.

I’ve finally broken down and opened a 4-year Raise Your Rate CD at Ally Bank.

The 30 or so depository institutions at which I have CDs include a variety of banking types and locations.