THE CURRENT CD QUANDARY: Today’s yields can’t beat inflation.

Posted by SIU Credit Union on June 21, 2011 in Financial Education |

CD investors are effectively losing money. According to Market Rates Insight, a research firm tracking bank rates, annualized inflation has surpassed long-term certificate of deposit rates since February. In April, 12-month inflation hit 3.16% while the highest-yielding 5-year callable CD on the market offered a 2.4% interest rate. May’s Consumer Price Index put annualized inflation at 3.6%; as of mid-June, the highest-yielding nationally available 5-year CD was at 3.05% APY.1,2,3

Tags: , , ,


Free Seminar: 9 Mistakes to Avoid for a Successful Retirement.

Posted by SIU Credit Union on March 12, 2010 in Events, Financial Education, Financial Resources |

Join SIU CU Investment Services‘ CERTIFIED FINANCIAL PLANNER™ Jeff Rose as he discusses the key to a financially successful retirement.The free seminar is 12 p.m. to 1 p.m. on Wednesday, March 24 at 395 N. Giant City Road, Carbondale. Lunch will be provided and seating is limited. To RSVP, contact Lisa at 618-549-8621. Visit our […]

Tags: , , , , , ,

Copyright © 2009-2014 SIU CU Blog All rights reserved.
This site is using the Desk Mess Mirrored theme, v2.2.3, from BuyNowShop.com.

SEO Powered by Platinum SEO from Techblissonline