If you haven’t seen it, the latest National Pricing Indicator report from Market Rates Insight, the research shows that 12-month CD Specials are the most re-pricing banking products out there – being adjusted an average of every four days. Dr. Dan Geller, who compiled the research, sees this as a reflection of consumer confidence, and that depositors are parking their money in 12-month CDs while waiting out the recession. This from their news announcement:

“MRI’s latest National Pricing Indicator (NPI) weekly report reveals that the 12-month Special CD was re-priced three times more often than the average for all other CDs. On average, the 12-month Special CD was re-priced every four days since January, whereas the average for all other CDs was 12 days. The report also indicates that the average interest rate paid on the 12-month Special CD (2.28%) has remained higher than the average interest rate paid on all other CDs (1.99%) even for longer terms such as five-year CDs.”

You can see the complete news announcement on MarketWatch (http://tinyurl.com/cuan6z) or send e-mail to info@marketratesinsight.com for a copy of the report.