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Online CD Auction Winners at zionsdirect.com Get Rates Well Above the National Averages.

Publication: PR Newswire
Publication Date: 25-JUL-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SALT LAKE CITY, July 25 /PRNewswire-FirstCall/ -- Winning bids in last week's zionsdirect.com online auction for FDIC-insured certificates of deposit (CDs) received higher yields than national averages. Similar to popular Internet auction platforms, zionsdirect.com auctions allow individual investors to bid on the yield of CDs of various maturities.

During the week of July 17-24, winning bidders obtained three-month CDs at a rate of 5.45%, compared to the national average...



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