Does a 7.75% rate on a CD grab your fancy? Indeed, and exactly this was an offer at Her Majesty’s Credit Union in the Virgin Islands.
Does a 7.75% rate on a CD grab your fancy?
Total savings at credit unions were down by $1.8 billion in January, including a continued drop in certificates of deposit and individual retirement accounts.
With the July 1 Reg E deadline already come and gone and the Aug. 15 deadline fast approaching, one analyst said financial institutions are recouping lost noninterest income by lowering deposit rates.