6 smart strategies for buying CDs when rates rise

By Marcie Geffner - Bankrate.com

Investors who put money into certificates of deposit, or CDs, generally want protection against loss of their principal and at least a small return on their investment.
In recent years, those returns have been minuscule as interest rates have scraped the bottom of the proverbial empty barrel.
But now, with the Federal Reserve nearing a decision on whether to raise its benchmark federal funds rate, should investors take a fresh look at CDs?
Yes, says Roger Young, senior vice president and manager of fixed income at Fidelity Investments.
Young thinks investors should consider CDs, in part because the anticipated bump in rates is already being built into their returns.
"If we go back to 2014," he says, "the 2-year Treasury note was yielding about 40 basis points for the year. Today it is yielding 70, so the market is already anticipating."
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What mortgage borrowers need to know about TILA-RESPA

By Marcie Geffner - HSH.com

Despite repeated redesigns, the forms lenders use to convey information about a home loan to borrowers are notoriously complicated.

The latest attempt, this one by the federal Consumer Financial Protection Agency (CFPB), combines multiple documents into just two forms:

- A three-page “Loan Estimate” form
- A five-page “Closing Disclosure” form

In a brochure, the CFPB says the new forms will:

- Reduce paperwork and consumer confusion
- Help consumers understand complicated transactions
- Make it easier for consumers to compare loans and decide whether they can afford a home and mortgage, including property taxes and homeowner insurance
- Warn consumers about prepayment penalties and other loan terms they might want to avoid
- Make closing cost estimates more accurate
- Give consumers more time to review final terms and costs before they sign their closing documents

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3 must-have mobile banking alerts

By Marcie Geffner - Bankrate.com

Low balance. Mobile deposit. Unusual activity.

If you haven't set up these alerts in your mobile banking app, you might want to do it now.


Because they will help you stay informed about your finances whenever, wherever and however you want, says Michelle Moore, head of digital banking at Bank of America.

These alerts are highly customizable and can be part of your best practices for smart financial management. Log in to your bank's app or call your financial institution for help setting up alerts.

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