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Rates of return off of a CD investment are not very noteworthy currently. CD rates of return remain low and have been hovering at below average levels for some time. The drop for CD rates began several years ago in the latter months of 2007 and have been stagnating now for years. CD’s have been struggling across that nation and averages are unimpressive. According to data accumulated via bankrate.com this past month, one-year certificates of deposits were yielding an average of .48 percent. Rate trend lines have been dropping over the past several years and this most recent weekly average via bankrate is further verification. Rates have gotten even heavier recently and the extra weight has pulled them further under. Last year at this same time, the average rate of return for one year certificate of deposit, on average, was .75 percent. In one year the rate of returns have dropped significantly. The same is true for the average rate of return for a six month certificate of deposit. Current average rates come in at .3 percent according to last months data accumulated via bankrate.com. Just one year prior however, the average rate of return on the six month CD deposit was higher at .46 percent. These statistics give pause for caution and push hopefully pushes Americans to do the extra homework in order to maximize returns. CD rates remain low across America. Ultimately, whatever one uncovers, short term investments with CD’s appears to be appropriate practice in the current environment until rates of return bump higher once again. Author: Camillo Zucari
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