August 22nd, 2008
I have updated our Historical CD Rates.
The data is now through 7/31/08. As everyone knows, rates tumbled starting in December 2007. With the continued weaknesses in banks and continuing mortgage problems, it is unlikely the Fed will be changing rates soon.
Naturally, since 2008 rates are lower, the average rates came down a bit as well, but not that much. Our rate information goes back to 1993.
One thing to note is our rate information is based on CDs that were actually invested into.
-- By +Chris Duncan