Bernanke tells Congress stimulus spending still needed to help.  He is reporting to the Congress today. Concerns about a double dip recession and the problems in Europe continue to concern the markets.

Goldman was handed a huge bill by the SEC and  BP finally made some progress in the gulf.  Gold is up to around $1185 per ounce.    

The financial reform bill was passed by the Senate and signed by the President yesterday.  

The question we're all asking is:  Will this be the year that cd rates finally move higher?   Unemployment is around  9.5% as some states started to report improved employment numbers.  Global investors are getting nervous as they get a hint of how much money the US is going to need to fund the deficit.  The 30 year Treasury bond eased a little to 3.89%.  That all being said, cd rates remain low as the Fed continues it's policy of low rates to spur the economy forward with Fed Funds in the range of 0% to .25%. 

Several banks are now offering penalty free cd's (make sure to read the small print).  Rates on longer term CD's are starting to move up in conjunction with treasury rates. 

Some of the best cd rates available today are found at the following banks offering FDIC insured product for a 12 month term and displayed by annual percentage yield:

In the future this table will be expanded to include many of the national banks and savings institutions with web banking facilities.  Be aware that the rates change daily and that there is no guarantee that the rates listed will be the same as those offered the day you check.  We will attempt to keep the table as up to date as possible.