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Thursday, December 22, 2011
Long-Term CD Rates Continue to Decline
"Rates are holding up better at credit unions. You can see how long-term CD rates at two popular credit unions compare to Discover Bank's 10-year CD in my post Comparing the Best CD Rates After Early Withdrawal Penalties. I think it's likely that we'll see more rate cuts at these credit unions. Police and Fire Federal Credit Union (PFFCU) in Philadelphia had a good explanation in January how they were able to offer such competitive rates and why those rates had to fall. Here are excerpts:" Long-Term CD Rates Continue to Decline:
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