Our daily roundup of retirement news your clients may be thinking about.

CDs back in fashion for low-risk yield A certificate of deposit is an attractive option for retirees who need yield from their investments as they pose no risk to the principal, with accounts up to $250,000 protected by the Federal Deposit Insurance Corporation, according to CNN Money. CDs can also generate return without taking on extra risk, as two-year CDs can be sold with an annual percentage yield of 1.25%, higher than the expected yield from current two-year Treasury rates. Retirees can also get 1.45% yield for three-year CDs, or more than 2% for five-year CDs.  --CNN Money

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access