Best columns: Playing CDs, Parking cash

Lots of banks are struggling through the credit crunch, says Joan Goldwasser in Kiplinger’s, but “their pain is your gain.” Here’s where to park your cash, says Eric Dash in

The credit crunch’s bright side

Lots of banks are struggling through the credit crunch, says Joan Goldwasser in Kiplinger’s, but “their pain is your gain.” The hurting banks, “desperate to attract deposits, are ratcheting up CD rates,” and many healthy banks feel compelled to match those rates. Today’s top rates are topping 5 percent, and “such plump yields put Treasury securities with comparable maturities to shame.” One-year T-notes are yielding 2.19 percent, for example. There are plenty of bad things about the credit crunch, but “there’s nothing wrong with a little schadenfreude” when you can get it these days.

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