CD rate history

In the past year NEWWorthy has blogged about Treasury and Inflation rate history.  It’s time to put CD rate history in perspective.  Today’s CD rates are pretty dismal, but in the past they’ve been pretty good.  Jumbo CD Investments Inc. has charts showing the average CD rate (for various terms from 1yr to 5yr) history from 1993 to present.

For example, if you invested in a 5.5% 5yr CD in 1993 and renewed it every 5 years at an average 5yr rate you might have made at least 5.5% in 1993, 6.1% in 1998, 3.8% in 2003, 4.4% in 2008, and 1.5% or so in 2013.  That’s average (roughly) of 4.3% per year for 25 years, not taking into account whether you are putting the income back into the CD and whether you are getting higher than average rates.  The rate may not look like much compared to the well over 20% earnings many people have made in the stock market this year, but when you take into account difficult years like 2000 or 2007-2008 in the stock market, or this year’s negative returns for some bond funds, it’s easy to see why some people prefer to keep some portion of their cash in CDs.

You might also like playing with BankRate’s CD Calculator or reading Learn Bonds’ CD Interest Rate Forecast.  Below is a video from Khan Academy that explains how compound interest works.  Of course, if you are considering putting your money in a CD, you should also check out the bank’s rating and FDIC status.

While NEWWorthy does not give financial advice, we do like to inform readers about various financial topics in general.

Netflix to feature Marvel superhero Daredevil

According to CNet, Netflix — in a deal with Disney — will unveil four live-action shows featuring Marvel superheroes.   Netflix will “debut with a show focused on Daredevil, the red-clad adventurer whose alter ego is blind attorney Matt Murdock.”  You might remember that Ben Affleck played Daredevil in the 2003 movie.  Below is a post-episode 1 season preview (spoilers, if you haven’t seen the first episode yet) of “Marvel’s Agents of S.H.I.E.L.D.” — which is already running on network television.

India launched its first mission to Mars

MSN reports that India launched its first mission to Mars.  At $74 million, according to Time Magazine – World, it is the least expensive Mars mission every launched.  That’s NEWWorthy.  The Mangalyaan orbiter is headed first to an orbit around Earth and then on to Mars.  The Times of India has more information on the subject, and there’s an ITN (London) news video of the launch below.