| Liquidity fears? Check out no-penalty CDs |
| News - Financial News |
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--(www.FinancialNewsUSA.com)-- 11/06/2009 - Banking industry news provided by Financial News USA. It can be hard committing to lock up your money in a certificate of deposit, or CD, when the economy is rough and the household budget is perhaps a bit shaky. If CDs are to your liking, keep in mind that not all CDs penalize you for withdrawing money before the CD matures.CD toolboxHow do I ladder CDs?Calculate your CD earningsAdmittedly, interest rates are awful, but short-term CDs still compare favorably to most of their more liquid brethren such as money market accounts, or MMAs, and money market funds, MMFs. The average yield on MMAs, according to Bankrate surveys, is 0.32 percent. The Crane 100 Money Fund Index, published by Crane Data, pegs the average seven-day yield for the 100 largest taxable MMFs at an abysmal 0.09 percent. Yields on standard CDs are averaging 0.4 percent for three months, 0.58 percent for six months and 0.92 percent for 12 months.Not so carefree after allSo-called no-penalty, or risk-free, CDs too often aren't quite as carefree as their names imply. [Read the full article] About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
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