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Stories Tagged as

CDs

Amid market volatility, certificates of deposit are having their moment — for now

by Kimberly Adams
Aug 6, 2024
CDs can lock in a rate of return for months or years. Investors find that attractive ahead of expected interest rate cuts.
The era of certificates of deposit with rates of 4% or 5% may soon be coming to a close.
Patrick T. Fallon/AFP via Getty Images
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As vinyl record sales eclipse CDs, LP pressing plants are thriving

by Henry Epp
May 1, 2023
Streaming is still king, but vinyl sales continue to grow.
Sales of vinyl records by volume overtook CDs in 2022 for the first time since 1987. The resurgence of the format has meant a boom in vinyl manufacturing, but there have been bumps along the way.
Henry Epp/Marketplace
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Banks in Turmoil

Why CDs are music to banks' ears right now

by Stephanie Hughes
Mar 27, 2023
Certificates of Deposit help banks bring in cash that they can use to make money by lending it at higher rates. Depositors may be looking to CDs as interest rates rise.
According to the Federal Reserve, the amount invested in large CDs — specifically, with accounts holding $100,000 or more — has gone up nearly 44% in the past year.
Patrick T. Fallon/AFP via Getty Images
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The music industry sings a sorrowful, flat note

by Gigi Douban
Mar 19, 2015
The industry takes in only half the revenue it did at its peak.
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Ask Money

Be wary of high yields abroad

by Chris Farrell
Nov 17, 2011
I have some money that I would like to place in a certificate of deposit to improve my return. Most of the U.S. banks I've looked at are offering 1.00% or less. However, some international banks -- most notably, Indian banks -- are offering around 9.00%. Is there a reason not to invest my money in an overseas institution when the payback looks so much better? Mark, Portland, OR
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The Marketplace Reader

Putting the brakes on discs?

by Richard Core
Aug 7, 2008
In the two years I've had my car, I've loaded a CD into the stereo player maybe twice. It's not that I don't listen to music. I do -- a lot. Rather...
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