http://www.interest.com/cd-rates/news/5-year-cd-rates/ Thu, 23 May 2013 16:53:34 +0000 hourly 1 http://wordpress.org/?v=3.1.2 http://www.interest.com/cd-rates/news/5-year-cd-rates/#comment-230374 R.M.Nixon Sat, 23 Feb 2013 13:52:23 +0000 http://www.interest.com/?p=13386#comment-230374 A 1.85% APY is still way too high for the Federal Reserve to tolerate. Their end goal is to flatten the yield curve all the way out at a .25% APY, or less, to effectively shut-down the market for certificates of deposit. In order to achieve economic growth, with an enhanced feeling of wealth providing more spending, home purchases and credit, the Fed is attempting to create asset bubbles. One way is to make the prudent course of saving in a FDIC insured deposit account completely unprofitable. Seniors on fixed-incomes who must reduce their quality of life due to pathetic interest rates on their deposit accounts are just collateral damage. A 1.85% APY is still way too high for the Federal Reserve to tolerate. Their end goal is to flatten the yield curve all the way out at a .25% APY, or less, to effectively shut-down the market for certificates of deposit. In order to achieve economic growth, with an enhanced feeling of wealth providing more spending, home purchases and credit, the Fed is attempting to create asset bubbles. One way is to make the prudent course of saving in a FDIC insured deposit account completely unprofitable. Seniors on fixed-incomes who must reduce their quality of life due to pathetic interest rates on their deposit accounts are just collateral damage.

]]>