Certificate Of Deposit

Vapors · 04-10-2005, 08:22 AM

Anybody know who has got the best intrest rates on 1 year CDs.

pwd72s · 04-10-2005, 09:25 AM

www.bankrate.com

Vapors · 04-10-2005, 09:30 AM

Thanks for the bitrate info.

vangndy · 04-10-2005, 12:29 PM

i have found allstate bank to have very good rates, currently 3.1% on 1 year cds.

1973911s · 04-10-2005, 02:09 PM

There is some scary names on that list, wonder how many are FDIC insured.

How many would be willing to open a CD over the internet?

Bank of Internet?

VincentVega · 04-10-2005, 02:26 PM

ING's momey market pays 3% right now. With rates on the rise, is it time to lock into a CD?

turbo6bar · 04-10-2005, 02:39 PM

Quote:

Originally posted by Chris Martin
ING's momey market pays 3% right now. With rates on the rise, is it time to lock into a CD?

I think Emigrant has a Savings account paying around 3.25% APY now. 1 yr CD does not sound like a good idea to me, unless they offer a nice premium (certainly doesn't sound that way).

pwd72s · 04-10-2005, 04:59 PM

Quote:

Originally posted by 1973911s
There is some scary names on that list, wonder how many are FDIC insured.

How many would be willing to open a CD over the internet?

Bank of Internet?

You can check out all the banks through the site. But I'm with ya on the internet bank....I prefer a bricks and mortar bank. However, you CAN check with the FDIC...they'll let you know who they cover...or not. I wouldn't just take a "bank's" word for it.
But, the original post was about CD's, right? Now that we're roaming about, I'll give a hint...anybody can open their own account with the Federal Reserve. Cindy & I just bought a 90 day T bill that yields 2.839%. 180 day T bills are over 3%. Another benefit is, T bill interest is NOT subject to state income taxes. This is an important factor to we who live in high income tax states. Go to: http://www.publicdebt.treas.gov/sec/sectrdir.htm
for more info.