The average 5 year CD rate is 1.16% nationally and 1.34% in Connecticut. An A rate insurance carrier is currently offering a 6 year fixed rate at 3.15% for deposits under $100,000 and 3.25% for $100,000 and above. The plan comes with a 100% return of premium feature at any time, even [...]
Market Indexed CDs have become very popular in the last few years. This is not a surprise given the relatively low standard CD interest rates being offered by banks, the growing popularity of indexed annuities and the instability of the market. At the end of the day, what does an indexed CD really offer?