Opened a CD with the watermark CU today. I was impressed by their customer service.

They have a greeter at the door take your name and reason for visit and assign u a
rep when it is your turn.

Also, if anyone is the seattle area, they have free coin counting service (for members).

Everbank offers Foreign Currency CDs at pretty high interest rates. FDIC insured. However, early withdrawals may lose all interest. Free inbound wire transfer. Any comments or experiences?

World Currency CD Yields3
Rates as of 8/12/2004
Single Currencies - Minimum Investment $10,000 ($US)
3-Month1,2 6-Month 9-Month 12-Month
APY Interest
Rate APY Interest
Rate APY Interest
Rate APY Interest
Rate
Australian dollar 4.18% 4.12% 4.04% 4.00% 3.87% 3.85% 3.85% 3.85%
Canadian dollar 0.85% 0.85% 0.85% 0.85% 0.75% 0.75% 1.00% 1.00%
Czech Koruna .08% .08% .08% .08% na na na na
Danish krone 0.85% 0.85% 0.75% 0.75% 0.50% 0.50% 0.75% 0.75%
EMU euro 0.85% 0.85% 0.50% 0.50% 0.50% 0.50% 0.75% 0.75%
Hong Kong dollar 0.00% 0.00% 0.00% 0.00% na na na na
Japanese yen 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Mexican peso 5.35% 5.25% 5.32% 5.25% na na na na
New Zealand dollar 5.22% 5.12% 5.06% 5.00% 4.78% 4.75% 4.80% 4.80%
Norwegian krone 0.62% 0.62% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%
S. African rand 6.92% 6.75% 6.61% 6.50% na na na na
Pound sterling 3.67% 3.62% 3.53% 3.50% 3.41% 3.40% 3.50% 3.50%
Swedish krona 0.80% 0.80% 0.75% 0.75% 0.60% 0.60% 0.75% 0.75%
Swiss franc 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Click for EverBank World Currency Deposit Account Yields

Index CDs - Minimum Investment $20,000 ($US)
3-Month 6-Month
APY Interest Rate APY Interest Rate
Commodity
4.16% 4.10% 3.79% 3.75%
Petrol 2.83% 2.80% 2.62% 2.60%
Viking 0.62% 0.62% 0.50% 0.50%
Prudent Central Bank 3.24% 3.20% 3.02% 3.00%

1APY refers to Annual Percentage Yield—the effective rate of return taking into account the affect of compounding interest.
2The yields listed above are subject to change at any time at our discretion.Call 1.800.926.4922 to determine whether the rates have changed.
3WorldCurrency Certificates of Deposit are subject to the regulations set forth by the Truth in Savings, Funds Availability, and Terms and Conditions established by EverBank.If you are not in receipt of the referenced disclosures, please click here

Thanks for the links, xerty.

Here is an excellent article
from bankrate.com.

UmbrellaBank was recently acquired by New South Federal Savings Bank. Some of their rates went up as a result. The CD yields are currently:

3 Month 2.11%
6 Month 2.36%
1 Year 2.85%
1.5 Year 2.93%
2 Year 3.03%
2.5 Year 3.29%
3 Year 3.55%
4 Year 3.75%
5 Year 4.06%

I think the 1 year APY of 2.85% is good, though the longer term rates aren't too impressive. link

The penalty calculation worries me about Capitol One - if the rates go up substantially, and you need to pull the money, we are talking about lots of $$$.

tooshy said:prozario said:This may not be hot, but since lot of people already have fib account, there CD rates are decent:linky. They are tiny bit lower then the highest rates from bnakrate, but I'm planning to use them, since I already have an account with them, and their early penalty is much less severe then Capital One. I'm glad i read this thread about Capital One penalty. I was thinking about 2 year term at FIB @ 3.3%, but noticed that 5 year @ 4.54% turns out better w/ 6 mon. penalty should I keep it for at least 2 years.

I agree if you consider penalty, FIB may be the best deal in town. The only problem is 'is it really safe?' I know it is FDIC but somehow I don't know if I can get my money back if it is not B&M here. Dumb fear....

I don't know if a quasi-jumbo CD (>=25k) counts. If so, DFCU has a 4.61% 5-year jumbo CDs that has the same 6-month penalty term. But you need to have a checking account with direct deposit with them. But their checking account looks really attractive.
http://www.dcu.org/prodserv/r_certificate.html#cj

tooshy said:CD rates for the 5 yr. have all gone down this week it seems. Are rates on their way down...again?

Interest rates offered on CDs are typically higher during the months of June, July, and sometimes August. Rates offered on CDs are generally lower the rest of the year. (It is not an indication of what rates will be next summer.)

You might notice that some financial institutions offer better rates on CDs that mature in months other than June, July, and August. During the summer, some financial institutions will offer better rates on their 18 month CDs and 30 month CDs than on their 24 or 36 month CDs. But if you open one of those, when the CDs come due in the winter months, you’ll likely have a hard time finding CDs to invest in that have comparable rates. This is why I try to get CDs which mature during the summer months.

KeyPoint Credit Union offering 4.00APY 36 month on 10K minimum.
$35 application fee. Penalty for EW unknown.

Additional 0.25 for direct deposit.

http://www.keypointcu.com

Presumably prozario you are correct. No experience though.

You would need to open a checking account with direct
deposit to get the higher certificate (CD) rate. Guess you could switch the direct
deposit after opening the certificate (CD)... or ACH the $ instead of direct
deposit.

Havnt got that far though...still debating the upfront $35.

.