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Tag Archive: october is cd renewal month

October is CD Renewal Month – You Have Options

John CasaSanta

Studies show that the two most popular months for CDs to renew is October and April.  In April, many people have received an income tax refund or from completing their taxes a portfolio adjustment is made.  October has proven to be a popular month for renewal because most banks offer a 6 month CD.  In today’s economic environment, most banks are offering less than 1 percent interest on a 6 month CD. If you’re desiring a 2+ percent rate of return, you have to commit...

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