High Yield CDs are gone, hello "Low Yield"

That's right fellow CD enthusiasts, the days of 4% and higher rates of returns are gone.  These days the best deal you can find is maybe Ally Bank's 1.59% APY on a 12 month CD. 

Remember to check with your community bank first and forget the big banks.  Sure the yields are low, but there is almost zero risk involved by going with a FDIC insured bank CD.

Ally right now is offering the following CD rates:

The Big Banks got Taxpayer funds to deal with their heartaches and how does that benefit you in the short or long term? 
It doesn't.

Watch the 4 minute video (included in article) that uses the classic Frank Capra film It's a Wonderful Life and exploits the huge, growing chasm between the fortunes of Wall Street banks and Main Street banks. It will make you think twice about who you bank with.

Best of luck CD shopping, here are some other offers by our sponsors:

The Stockmasters care the most about the 3 month and 4 month CD offers, and consider some of the 6 month, 9 month, and 1 Year options if the rates are good.

Everyday we search through CD rates and only post the top performers for your review. Happy CD Investing and enjoy the articles.

Find the highest yielding CD rates at BankVibe.com. Compare rates from certificate of deposits, money market accounts, and interest checking accounts