Interest rates on bank certificates of deposit are at their lowest levels ever, Market Rates Insight reports. “For the first time since 1952, the average rate for all CDs dipped below 1 percent,” Dan Geller, the firm’s executive vice president, told Reuters.
That’s bad news for savers, but, as Geller points out, “what’s the alternative?”
Offshore Investment Advisor's Analysis: Offshore Investment Advisor uses MLPs, which generally tend to have high yields, to enhance the yields of our portfolios. However not all MLPs are the same and depending on your tax status, you will want to favor some and avoid others. For Offshore Investment Advisor's analysis please see "The Case For MLPs".
