How not to make money

The average yield on six-month "jumbo" CDs, which typically require deposits of $95,000 or more fell to 0.16% from 0.17% last week.  The yield on five year jumbos remained unchanged from 0.79%.

A $100,000 CD held for one year would earn you $160 in interest.

The average yields on small denomination "savings" CDs were mostly unchanged at 0.15%.  The average two year yield also remained unchanged.  The average five year yield, however, fell to 0.76%.

A $10,000 CD held for one year would earn you $15 in interest.

The information contained in this article does not constitute a recommendation, solicitation, or offer by D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.

 

The Jacksonville Business Journal has ranked D2 Capital Management in the top 25 of Certified Financial Planners in Jacksonville.  The Firm is also a member of the Financial Planning Association of Northeast Florida.