bank rates

Don’t Look To Big Banks For Good CD Rates

We usually write about where to find the best CD rates.

But today we’re going to focus on where to find the worst deals.

Today we're going to focus on where to find the worst deals.

We’re talking truly wretched rates such as 0.15% APY on a 6-month CD, or 0.25% APY for a 12-month CD.

Those are the kinds of deals you’ll find these days at the nation’s biggest banks. JP Morgan Chase is the worst, but Citibank, Wells Fargo, PNC and all the others are nearly as bad.

Savers won’t see decent certificate of deposit rates again until the big banks, with their ability to put large sums of money to work, get back in the game.

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