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"They see land as an alternative to certificates of deposit."
"Investment in our people is like a certificate of deposit," he said.
Almost anybody can beat 3.5 percent on a certificate of deposit.
Rates on large certificates of deposit have gone up by a similar amount.
Such investments often return little more than bank certificates of deposit.
Instead, the action remains among the short-term certificates of deposit.
The average for a five-year certificate of deposit dropped to 8.17 percent.
It's like a certificate of deposit where the interest rate is about to go down."
"It's a lot better than the five and a half percent interest you're going to get on a certificate of deposit.
Yields on certificates of deposit and money markets showed little change.
Imagine walking into a bank and telling them what they were going to pay you on a certificate of deposit.
One-year certificates of deposit were down 2 basis points, to 7.54 percent.
But the retiree has a certificate of deposit coming due.
Yields were down on certificates of deposit and money market accounts for the week.
Yields on certificates of deposit dropped in the last week, with some below 4 percent.
He added, "These are people looking for yields they used to get on bank certificates of deposit."
Certificates of deposit with longer maturities were also higher this week.
Yields on certificates of deposit rose about 1 basis point last week.
They are enthusiastic over all those certificates of deposit that mature next month.
But these sales have been to older customers looking for alternatives to certificates of deposit.
Generally, the difference between certificates of deposit and the funds rate is a full percentage point or more.
For example, a six-month certificate of deposit now pays 9.45 percent interest.
They say it's hard to beat the 5 percent that many money market accounts and certificates of deposit are now paying.
Banks may also cut the interest rates they pay on savings accounts and certificates of deposit.
It's not like you're buying a certificate of deposit from a bank."