The 60-month CD held its interest rate better than any other deposit product at banks, according to research firm Market Rates Insight.
The average rate for certificates of deposit recently dropped below 1%, a move not seen since recorded data in the 1950s.
Hudson River Community Credit Union, Corinth, N.Y., announced that CEO Susan Commanda will serve a one-year term on the Community Credit Union Committee.
San Juan Mountains Credit Union, Lakewood, Colo., joined shared branching through CU Service Network in order to
Consumers appear to be responding to aggressive premiums offered on 48-month certificates of deposit at banks.
It appears that consumers are responding to aggressive premiums offered on 48-month certificates of deposit at banks, according to data tracking firm Market Rates Insight.
Toxic assets, bailouts and stimulus are words we have heard almost every day in 2009 from the broadcast news outlets, on the Internet and in our newspapers.