With the 10 year treasury at 1.5%, CD rates are at 30 year low yields. The current 5 year CD rate in Connecticut is now around 1% which is actually a bit lower than the 3 year CD rates being offered. Bankrate.com is the best place to find all local CD rates available.
With rates this low, it is wise to look at alternatives and here I will talk about 2 of them which are Fixed annuities and Market linked CD’s. Read more