Why Are Savings Accounts Rates Better Than Cd/mma Rates At This Time?

i noticed that bank savings rates at places like hsbc are 3% and yet their cds are like 2% or less. Why is that?

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One Response to Why Are Savings Accounts Rates Better Than Cd/mma Rates At This Time?

  1. Smilin'_ says:
    February 27, 2010 at 5:20 pm

    The short answer—
    Short term interest rates… which are next to 0 in the US right now…