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rated:
updated: Oct. 28, 2011 @ 10:11a
posted: Jun. 2, 2004 @ 1:29p

please check the most recent posts for the best CD yields.

Edit by Moderator: Because the size of this thread has caused problems, we are sealing this one and opening another. The continuation can be found Here.
updated: Nov. 23, 2006 @ 3:19a by MrFrugality
posted: Jun. 2, 2004 @ 1:29p
Member Summary
Most Recent Posts

Right,most of the best deals are found here on the last page. That's true even when the front page gets updated often.

boomp (Dec. 12, 2006 @ 1:45p) |

Not people don't want to update it but the problem at fatwallet site. Every time I click on edit it times out the page.... (more)

UnixLab (Dec. 12, 2006 @ 3:12p) |

Edit by Moderator: Because the size of this thread has caused problems, we are sealing this one and opening another. The... (more)

VBMcGB (Dec. 12, 2006 @ 3:35p) |

User Updated CD Rates and Terms

-------------------------------------------------------------------------------------------
Please note:

>DISCLAIMER: Rates are for information purposes only and do not represent an endorsement or recommendation of any listed institution. Indicated rates are those published by the institution. Updates are made by FW members on a timely basis. However, as rates can change frequently and without notice, contact the institution to verify the current rate prior to investment. Investigate before you invest!

>Only FDIC Insured Banks in the USA as well as Insured Credit Unions with NO or MINIMAL restrictive membership requirements.

>Includes primarily rates that are posted on the institution's website as these can be more easily monitored and updated. Exceptions should be noted.

>Posted offerings should generally be OPEN NATIONWIDE TO ALL PERSONS - NO GEOGRAPHIC OR OTHER RESTRICTIONS and posted as "% APY".

>Rates are monitored by myself and other FW members and updates will be posted as changes occur

MrFrugality
-------------------------------------------------------------------------------

Key:

$ - Opening balance under $2500
$$ - Opening balance $2500 to $9,999
$$$ - Opening balance $10,000 to $24,999
$$$$ - Opening balance $25,000 and higher (+ denotes high end of range)(++ $100,000 and up)
D - Rate down last change
U - Rate up last change
S - Stable from last update
N - New posting

-------------------------------------------------------------------------------

My latest UPDATE 11/23/2006 - MrFrugality

3 Month
*U $$$$+ State Bank of India 5.56%
U $$$ VirtualBank 5.56%
U $ Imperial Capital Bank 5.50%
*U $$$$ State Bank of India 5.46%
U $$ Indy Mac Bank 5.45%
S $$$ Countrywide 5.30%
D $$$$+ Stearns Bank 5.30%
D $$$$+ Advanta Bank Corp 5.30%
S $$$ FirstFedDirect 5.26% - California residents excluded from this offer.
U $ Gmac Bank 5.25%
S $$$$+ ESB Bank 5.25%
D $$ UFB Direct 5.25%
D $$$ Advanta Bank Corp 5.20%
S $ Nexity Bank 5.15%
N $$$$ Discoverbank 5.14%
S $ Everbank 5.10%
D $ UmbrellaBank 5.10%
S $ First Internet Bank of Indiana 5.06%
N $$$ Discoverbank 5.05%
D $$$$+ Corus Bank 5.05%
D $$$ Corus Bank 5.05%
S $ Bank of Internet 5.00%
S $ E*Trade Bank 5.00%
S $$ Giant Bank 5.00%
S $$$$ KeyDirect 4.85%
S $$$$ KeyDirect 4.80%
S $$$ KeyDirect 4.80%
S $$ KeyDirect 4.80%
D $ Self Help Credit Union 4.75% - Highly volatile rates; verify

6 Month
*S $$$$+ State Bank of India 5.56%
S $ Imperial Capital Bank 5.55%
S $$$ FirstFedDirect 5.51% - California residents excluded from this offer.
D $ AmTrust Direct 5.51%
U $$ Indy Mac Bank 5.50%
D $ Ascencia Bank 5.50%
*S $$$$ State Bank of India 5.46%
S $ Nexity Bank 5.45%
D $$$ Corus Bank 5.45%
D $$$$+ Corus Bank 5.45%
D $ First Internet Bank of Indiana 5.43%
D $$$$+ Advanta Bank Corp 5.42%
D $$ Giant Bank 5.41%
U $$$ Affinity Bank 5.404%
D $ Millenium Bank 5.40%
U $ Everbank 5.40%
D $ Bank of Internet 5.36%
D $$$$ KeyDirect 5.36%
D $$$$ KeyDirect 5.35%
D $$$ KeyDirect 5.35%
D $$ KeyDirect 5.35%
S $$$ Countrywide 5.35%
U $ Gmac Bank 5.35%
*S $ State Bank of India 5.35%
D $$$ LaJolla Bank 5.35%
U $ Stonebridge Bank 5.35%
D $ E*Trade Bank 5.35%
D $$$ Advanta Bank Corp 5.35%
D $$$$+ Stearns Bank 5.32%
U $$$$+ ESB Bank 5.31%
U $$ UFB Direct 5.30%
D $$$$ Resource Bank 5.30%
D $$$$ E-LOAN 5.30%
S $ Lehman Brothers Bank 5.2530%
D $ Citibank 5.25%
N $$$$ Discoverbank 5.14%
D $ Emigrant Direct 5.20%
D $ UmbrellaBank 5.20%
D $$$ E-LOAN 5.20%
D $ ebank 5.15% - (ePremium Checking customers receive a 1/4% CD rate bonus => 5.40%)
D $$ Intervest Bank 5.15%
N $$$ Discoverbank 5.14%
N $ Everbank 5.12%
D $ NetBank 5.05%

9 Month
D $$$ FirstFedDirect 5.55% - California residents excluded from this offer.
D $ AmTrust Direct 5.51%
U $ Amtrust Bank 5.45%
S $ Imperial Capital Bank 5.40%
S $ Nexity Bank 5.40%
U $$$ VirtualBank 5.39%
U $$$$+ ESB Bank 5.39%
D $$$$+ Advanta Bank Corp 5.39%
D $ Bank of Internet 5.36%
U $ Gmac Bank 5.35%
D $ UmbrellaBank 5.35%
D $$$ Countrywide 5.35%
S $$ Indy Mac Bank 5.25%
D $ Everbank 5.21%
N $$$$ Discoverbank 5.20%
D $ Emigrant Direct 5.20%

1 Year
D $$$ FirstFedDirect 5.64% - California residents excluded from this offer.
D $$ Melrose Credit Union 5.61% - $500 minimum checking required to receive dividends
D $ AmTrust Direct 5.60%
D $ Nexity Bank 5.55%
D $$$ LaJolla Bank 5.55%
*U $$$$+ State Bank of India 5.51%
U $$$$+ Allied First 5.50%
D $$$ Pacific Mercantile Bank 5.48%
D $$ Giant Bank 5.47%
N $ Amtrust Bank 5.45%
S $$$ Advanta Bank Corp 5.45%
D $$$$+ Advanta Bank Corp 5.45%
D $ Ascencia Bank 5.45%
D $$$ Corus Bank 5.45%
D $$$$+ Corus Bank 5.45%
D $ First Internet Bank of Indiana 5.43%
U $$$$ State Bank of India 5.41%
D $ Bank of Internet 5.41%
S $ Lehman Brothers Bank 5.4004%
U $ Gmac Bank 5.40%
S $$$ Affinity Bank 5.40%
D $ E*Trade Bank 5.40%
S $ Imperial Capital Bank 5.40%
S $ Nexity Bank 5.40%
D $ UmbrellaBank 5.40%
D $$$$ KeyDirect 5.37%
D $$$$ KeyDirect 5.35%
D $$$ KeyDirect 5.35%
D $$ KeyDirect 5.35%
D $$ California First National Bank 5.35%
S $ Mutual Bank 5.35%
D $ Stonebridge Bank 5.35%
D $ Transporation Alliance Bank 5.34%
D $ National Bank of Kansas City 5.30%
S $$ Indy Mac Bank 5.30%
D $$$ Countrywide 5.30%
D $$$$ E-LOAN 5.30%
U $ State Bank of India 5.30%
D $ ebank 5.25% - (ePremium Checking customers receive a 1/4% CD rate bonus => 5.50%)
D $$$$+ ESB Bank 5.25%
S $$ UFB Direct 5.25%
D $$$$+ Stearns Bank 5.25%
D $ NetBank 5.25%
D $ Everbank 5.21%
N $$$$ Discoverbank 5.20%
D $ Emigrant Direct 5.20%
D $ ING 5.20%
D $$ Intervest Bank 5.20%
D $$$ E-LOAN 5.20%
N $ Agriculture FCU 5.15%
N $$$ Discoverbank 5.14%
D $ Millenium Bank 5.10%
D $ State Farm Bank 5.10%
D $ Self Help Credit Union 5.03% - Highly volatile rates; verify
D $ The Asian Bank 5.00%
D $ American Partners Bank 5.00%
D $$ Flagstar Bank 5.00%
D $$ California First National Bank 5.00%

1.5 Year
D $ Bank of Internet 5.53%
S $ Lehman Brothers Bank 5.4531%
S $$$$+ Stearns Bank 5.42%
D $ Bank of Internet 5.41%
D $$$ Pacific Mercantile Bank 5.41%
S $$$ Affinity Bank 5.40%
D $$ Mutual Bank 5.40%
D $$$ Advanta Bank Corp 5.40%
D $$$$+ Advanta Bank Corp 5.40%
D $ First Internet Bank of Indiana 5.38%
D $ American United Bank 5.35%
D $ Stonebridge Bank 5.35%
D $ Amtrust Direct 5.33%
D $$$$ KeyDirect 5.32%
D $$$$ KeyDirect 5.30%
D $$$ KeyDirect 5.30%
D $$ KeyDirect 5.30%
U $ Gmac Bank 5.30%
N $ Amtrust Bank 5.30%
D $ National Bank of Kansas City 5.30%
S $ The Asian Bank 5.25%
D $ E*Trade Bank 5.25%
D $ ebank 5.25% - (ePremium Checking customers receive a 1/4% CD rate bonus => 5.50%)
D $ UmbrellaBank 5.25%
D $$$$ E-LOAN 5.25%
D $ Everbank 5.21%
S $ ING 5.20%
D $$$$+ ESB Bank 5.20%
D $ Emigrant Direct 5.20%
D $$ Intervest Bank 5.20%
N $ Agriculture FCU 5.15%
S $$$ VirtualBank 5.15%
D $$$ E-LOAN 5.15%
S $ NetBank 5.13%
D $ Millenium Bank 5.10%
D $ Imperial Capital Bank 5.10%
D $$$ Countrywide 5.10%
S $$ Indy Mac Bank 5.05%

2.0 Year
D $$ Melrose Credit Union 5.67% - $500 minimum checking required to receive dividends
S $$$ International Bank of Chicago 5.61%
S $$$ LaJolla Bank 5.55%
S $$ Lehman Brothers Bank 5.5058%
D $$ Mutual Bank 5.50%
D $$$ Pacific Mercantile Bank 5.41%
D $ Bank of Internet 5.41%
S $$$ Affinity Bank 5.40%
U $$$$+ ESB Bank 5.40%
D $$$ Advanta Bank Corp 5.40%
D $ First Internet Bank of Indiana 5.38%
*U $$$$+ State Bank of India 5.35%
D $$$$+ Advanta Bank Corp 5.40%
D $ Stonebridge Bank 5.35%
D $ Transporation Alliance Bank 5.34%
S $$$$+ Allied First 5.32%
U $ Gmac Bank 5.30%
N $ Amtrust Bank 5.30%
D $ National Bank of Kansas City 5.30%
D $ Nexity Bank 5.30%
D $$$$ KeyDirect 5.27%
D $$$$ KeyDirect 5.25%
D $$$ KeyDirect 5.25%
D $$ KeyDirect 5.25%
*U $$$$ State Bank of India 5.25%
D $ ebank 5.25% - (ePremium Checking customers receive a 1/4% CD rate bonus => 5.50%)
D $ The Asian Bank 5.25%
S $$ Giant Bank 5.25%
D $ E*Trade Bank 5.25%
D $ Amtrust Direct 5.25%
D $ State Farm Bank 5.25%
D $$$$ E-LOAN 5.25%
D $ ING 5.20%
D $ Emigrant Direct 5.20%
D $$ UFB Direct 5.20%
D $ NetBank 5.20%
D $$ Intervest Bank 5.20%
*U $ State Bank of India 5.15%
N $ Agriculture FCU 5.15%
S $$$ VirtualBank 5.15%
D $ Millenium Bank 5.15%
D $ UmbrellaBank 5.15%
D $$$ E-LOAN 5.15%
D $ Self Help Credit Union 5.10% - Highly volatile rates; verify
S $ Imperial Capital Bank 5.10%
D $$$ Countrywide 5.00%
D $$ California First National Bank 5.00%
S $$ Indy Mac Bank 5.05%

3 Year
S $$ Melrose Credit Union 5.72% - $500 minimum checking required to receive dividends
D $$ Mutual Bank 5.60%
S $ Lehman Brothers Bank 5.5480%
DU $ AmTrust Direct 5.43%
D $ Pentagon Federal Credit Union 5.41%
D $$$ Pacific Mercantile Bank 5.41%
D $ Bank of Internet 5.41%
S $$$ Affinity Bank 5.40%
*U $$$$+ State Bank of India 5.35%
D $ Stonebridge Bank 5.35%
D $$$ Advanta Bank Corp 5.35%
D $$$$+ Advanta Bank Corp 5.35%
S $$$$+ Allied First 5.34%
D $ Transporation Alliance Bank 5.34%
D $ First Internet Bank of Indiana 5.33%
N $ Millenium Bank 5.30%
U $ Gmac Bank 5.30%
D $ National Bank of Kansas City 5.30%
*U $$$$ State Bank of India 5.25%
D $$$$ KeyDirect 5.27%
D $$$$ KeyDirect 5.25%
D $$$ KeyDirect 5.25%
D $$ KeyDirect 5.25%
N $ Agriculture FCU 5.25%
S $$ Giant Bank 5.25%
D $ E*Trade Bank 5.25%
D $ ebank 5.25% - (ePremium Checking customers receive a 1/4% CD rate bonus => 5.50%)
$ State Farm Bank 5.25%
D $ State Farm Bank 5.25%
D $ Amtrust Bank 5.21%
D $ ING 5.20%
D $$$$+ ESB Bank 5.20%
D $ Emigrant Direct 5.20%
D $$ UFB Direct 5.20%
D $$ Intervest Bank 5.20%
D $$$$ E-LOAN 5.20%
S $ NetBank 5.16%
*U $ State Bank of India 5.15%
S $$$ VirtualBank 5.15%
D $ UmbrellaBank 5.15%
D $$$ E-LOAN 5.10%
S $$ Indy Mac Bank 5.05%
D $ Self Help Credit Union 5.04% - Highly volatile rates; verify
S $$$ Countrywide 5.00%
D $$ California First National Bank 5.00%
S $ Imperial Capital Bank 5.00%

4 Years
S $$ Melrose Credit Union 5.77% - $500 minimum checking required to receive dividends
S $ Lehman Brothers Bank 5.5480%
S $$$$+ Allied First 5.45%
D $ Pentagon Federal Credit Union 5.42%
D $ Bank of Internet 5.41%
N $ Millenium Bank 5.40%
D $$$$ KeyDirect 5.38%
D $$$$ KeyDirect 5.36%
D $$$ KeyDirect 5.36%
D $$ KeyDirect 5.36%
D $ Stonebridge Bank 5.35%
U $ Allied First 5.35%
D $$$ Advanta Bank Corp 5.35%
D $ Transporation Alliance Bank 5.34%
D $ First Internet Bank of Indiana 5.33%
U $ Gmac Bank 5.30%
D $ National Bank of Kansas City 5.30%
D $ ebank 5.25% - (ePremium Checking customers receive a 1/4% CD rate bonus => 5.50%)
S $ Agriculture FCU 5.25%
D $$$$+ ESB Bank 5.25%
D $ ING 5.20%
D $ Emigrant Direct 5.20%
D $$ Intervest Bank 5.20%
D $$$$ E-LOAN 5.20%
S $ NetBank 5.17%
S $$$ VirtualBank 5.15%
D $ UmbrellaBank 5.15%
D $$$ E-LOAN 5.10%
S $$ Indy Mac Bank 5.05%
D $ Self Help Credit Union 5.03% - Highly volatile rates; verify
D $$$ Countrywide 5.00%

5 Years
S $$ Melrose Credit Union 5.82% - $500 minimum checking required to receive dividends
S $$$$ Providian Bank 5.75%
S $ Agriculture FCU 5.65%
S $ Lehman Brothers Bank 5.6008%
S $$$$+ Allied First 5.55%
N $ Millenium Bank 5.50%
D $ Bank of Internet 5.41%
D $ Pentagon Federal Credit Union 5.42%
D $$$ Pacific Mercantile Bank 5.41%
D $$$$ KeyDirect 5.41%
D $$$$ KeyDirect 5.40%
D $$$ KeyDirect 5.40%
D $$ KeyDirect 5.40%
S $$$ Affinity Bank 5.40%
U $$$$+ State Bank of India 5.35%
U $ Gmac Bank 5.35%
D $ Stonebridge Bank 5.35%
D $$$ Advanta Bank Corp 5.35%
D $ Transporation Alliance Bank 5.34%
D $ First Internet Bank of Indiana 5.33%
D $$ Intervest Bank 5.31%
N $ Amtrust Bank 5.30%
D $ National Bank of Kansas City 5.30%
U $$$$+ ESB Bank 5.30%
D $ Amtrust Direct 5.27%
*U $$$$ State Bank of India 5.25%
S $$ Giant Bank 5.25%
D $ E*Trade Bank 5.25%
D $ ebank 5.25% - (ePremium Checking customers receive a 1/4% CD rate bonus => 5.50%)
S $ NetBank 5.23%
D $ ING 5.20%
D $ Emigrant Direct 5.20%
D $$ UFB Direct 5.20%
D $$$$ E-LOAN 5.20%
D $$ Intervest Bank 5.21%
*U $ State Bank of India 5.15%
S $$$ VirtualBank 5.15%
D $ UmbrellaBank 5.15%
U $$$$+ State Farm Bank 5.15%
D $ Everbank 5.12%
D $$$ E-LOAN 5.10%
D $ Self Help Credit Union 5.05% - Highly volatile rates; verify
S $$ Indy Mac Bank 5.05%
D $ State Farm Bank 5.05%
S $$$ Countrywide 5.00%
S $ Imperial Capital Bank 5.00%

Odd Term
U $$$$+ 15-29 day ESB Bank 5.15%
U $$$$+ 1 mo State Bank of India 5.15%
U $$$$+ 30 days Stearns Bank 5.33%
U $$$$+ 30-364 day ESB Bank 5.20%
U $$$$+ 60 days Stearns Bank 5.37%
D $$$ 4 mo World Savings 5.51%
N $ 4 mo Amtrust Bank 5.40%
S $ 4 to 6 mo. American United Bank 4.50%
D $$ 5 mo Indy Mac Bank 5.50% - Call (877) 748-0005 to receive special offer.
D $$$ 5 mo World Savings 5.26%
D $$$ 5 mo World Savings 5.40%
D $ 7 to 12 mo. American United Bank 5.25%
D $$ 7 mo Indy Mac Bank 5.05%
D $$$ 10 mo World Savings 5.40%
S $ 11 mo Digital Credit Union 5.50%
D $$ 13 mo Flagstar Bank 5.13%
S $ 13 month WFB 5.65%
D $ 13 to 24 mo. American United Bank 5.30%
S $ 14 mo Millenium Bank 5.65%
N $$$ 13 mo World Savings 5.76% - New Funds only
D $ 15 mo E*Trade Financial 5.25%
S $ 16 mo Digital Federal Credit Union 6.00%
D $ 25 to 36 mo. American United Bank 5.35%
D $$ 30 mo Mutual Bank 5.55%
S $$$ 30 mo Advanta Bank Corp 5.70%
U $ 30 mo AmTrust Direct 5.46%
N $ Amtrust Bank 5.30%
N $ 30 mo ebank 5.60%
U $$$$ 30 mo KeyDirect 5.53%
U $$$$ 30 mo KeyDirect 5.51%
U $$$ 30 mo KeyDirect 5.51%
U $$ 30 mo KeyDirect 5.51%
S $ 30 mo Stonebridge Bank 5.50%
D $ 30 mo The Asian Bank 5.50%
U $ 30 mo Amtrust Bank 5.50%
U $$$ 30 mo Affinity Bank 5.40%
S $$$ 30 mo Countrywide 5.25%
D $ 37 to 48 mo. American United Bank 5.40%
D $ 49 to 60 mo. American United Bank 5.45%
D $$$ 7 years Countrywide 5.25%
U $ 7 years Pentagon Federal Credit Union 5.42%

-----------------------------------------------------------------------------------
Key:

$ - Opening balance under $2500
$$ - Opening balance $2500 to $9,999
$$$ - Opening balance $10,000 to $24,999
$$$$ - Opening balance $25,000 and higher (+ denotes high end of range)(++ $100,000 and up)
D - Rate down last change
U - Rate up last change
S - Stable from last update
N - New posting

Original thread found here.


My latest UPDATE 11/23/2006 - MrFrugality
rated:
posted: Jun. 2, 2004 @ 7:18p

Any better rate?
rated:
posted: Jun. 2, 2004 @ 8:21p

do u plan on updating this thread as rates change? it was a kind gesture to list those but perhaps a link to the sites may be easier.
rated:
posted: Jun. 2, 2004 @ 8:25p

also, try bankrate
rated:
posted: Jun. 2, 2004 @ 8:35p

TheWiseGuy said: also, try bankrate

i also use banx they usualy get better rate then bank rate.
rated:
posted: Jun. 6, 2004 @ 2:47p

Which one is better, CD or savings bond?
rated:
posted: Jun. 8, 2004 @ 9:41a

Bank Direct is offering 4.88% (=5.0%APY) on 5-year CDs. 10K minimum. Seems to be the best rate currently available.
rated:
posted: Jun. 8, 2004 @ 9:51a

Morgan Stanley has a 5% monthly pay FDIC CD due 12/15/2011....z
rated:
posted: Jun. 8, 2004 @ 10:31a

ING with 4.4/4.4% is the best with me because they have no minimums. I put away 1k a month into CDs.
rated:
posted: Jun. 8, 2004 @ 11:34a

I would rather use Pentagon CU than ING due to the early withdrawal policy.

DisciplinedHedg6 said: ING with 4.4/4.4% is the best with me because they have no minimums. I put away 1k a month into CDs.
rated:
posted: Jun. 8, 2004 @ 11:44a

uppchy said: I would rather use Pentagon CU than ING due to the early withdrawal policy.

DisciplinedHedg6 said: ING with 4.4/4.4% is the best with me because they have no minimums. I put away 1k a month into CDs.

Yeah...I considered that, too. But I figured I would also be opening up an ING account in the future, and it'll be easier to link/access accounts.

Also, as silly as it sounds, the penalty at ING will hopefully have a perverse effect on me and force me to keep CDs in there for the full duration rather than viewing the penalty as beneficial so that I can get the money whenever I want.
rated:
posted: Jun. 8, 2004 @ 2:12p

But you still have to consider the rate change in the future. What if the rate jumps? This may not happen though.

DisciplinedHedg6 said: uppchy said: I would rather use Pentagon CU than ING due to the early withdrawal policy.

DisciplinedHedg6 said: ING with 4.4/4.4% is the best with me because they have no minimums. I put away 1k a month into CDs.

Yeah...I considered that, too. But I figured I would also be opening up an ING account in the future, and it'll be easier to link/access accounts.

Also, as silly as it sounds, the penalty at ING will hopefully have a perverse effect on me and force me to keep CDs in there for the full duration rather than viewing the penalty as beneficial so that I can get the money whenever I want.
rated:
posted: Jun. 8, 2004 @ 2:23p

I know what you're saying. But the whole idea of a CD, at least for me, is to lock in a rate which modestly better than savings rates and save over time.

If you start going over the line, and want to time rate changes, then its a whole different ballgame and you are better off using different instruments.

uppchy said: But you still have to consider the rate change in the future. What if the rate jumps? This may not happen though.

DisciplinedHedg6 said: uppchy said: I would rather use Pentagon CU than ING due to the early withdrawal policy.

DisciplinedHedg6 said: ING with 4.4/4.4% is the best with me because they have no minimums. I put away 1k a month into CDs.

Yeah...I considered that, too. But I figured I would also be opening up an ING account in the future, and it'll be easier to link/access accounts.

Also, as silly as it sounds, the penalty at ING will hopefully have a perverse effect on me and force me to keep CDs in there for the full duration rather than viewing the penalty as beneficial so that I can get the money whenever I want.
rated:
posted: Jun. 8, 2004 @ 2:37p

if interest rates will be going up in the short term (which everything seems to be pointing that way), wouldn't this be a bad time to be locking in 5 year rates?

just curious
rated:
posted: Jun. 8, 2004 @ 2:48p

Well, I'm depositing 1k a month for savings, not a gigantic lump sum, so it's not quite a big concern.
rated:
posted: Jun. 20, 2004 @ 5:22p

bump for any other good interest paying sources for cd's
rated:
posted: Jun. 20, 2004 @ 9:31p

I've got about $20k at ING in regular savings earning 2.1%. I looked at CDs and decided there was no real upside for the nominal rate increase... but it locked my money down for minimum 1 year. Just didn't seem worth it these days.
rated:
posted: Jun. 21, 2004 @ 12:51p

Bankrate article

Has anyone bought CDs from a broker before? Can anyone share their experiences? The article mentions the pros/cons of buying CDs from a broker. I'm wondering as interest rates start to climb, whether this is a better route or worse, or just another option.
rated:
posted: Jun. 21, 2004 @ 7:36p

jclark said: Bank Direct is offering 4.88% (=5.0%APY) on 5-year CDs. 10K minimum. Seems to be the best rate currently available.

4.5% now

Additional Certificate Of Desposit Interest Rate APY* Monthly Fee Initial Deposit
6 Month CD 1.49% 1.50% N/A $10,000
12 Month CD 1.98% 2.00% N/A $10,000
18 Month CD 2.47% 2.50% N/A $10,000
24 Month CD 2.96% 3.00% N/A $10,000
30 Month CD 3.34% 3.40% N/A $10,000
36 Month CD 3.68% 3.75% N/A $10,000
48 Month CD 3.92% 4.00% N/A $10,000
60 Month CD 4.40% 4.50% N/A $10,000
rated:
updated: Jun. 21, 2004 @ 9:00p
posted: Jun. 21, 2004 @ 8:58p

Just FYI:

Capital One has lowered the minimum on their regular CDs from $10,000 to $5,000.

They have also introduced a third type of CD that has a lower initial rate than the regular CD, but whose interest rate can be increased once during its term at your request. Also a $5,000 minimum.

Capital One Regular CDs.

Capital One No Regrets CDs.
rated:
posted: Jun. 26, 2004 @ 4:58p

Effective yesterday, 06/25/04, ING has raised their 1 year and 2 year CD:

1 year - from 2.25% to 2.6% APY
2 year - from 2.875% to 3.1% APY

OP, please update if possible.
rated:
posted: Jun. 27, 2004 @ 9:32a

Thanks for the thread. You might want to include 6 months penfed CD rate of 1.4% .
rated:
updated: Jun. 28, 2004 @ 3:30a
posted: Jun. 28, 2004 @ 2:45a

nm
rated:
posted: Jun. 28, 2004 @ 1:05p

Stupid question, but I had to ask:

For the Capital One 1 month CD, if I reinvest every month @0.85%, my annual interest earnings will be over 10%. So I'm assuming there must be a fee to place your money in a CD, otherwise re-investing every month is sure-fire way to earn over 10% per year...right??


holla
rated:
posted: Jun. 28, 2004 @ 1:08p

That's annualized rate, not monthly rate.
rated:
updated: Jun. 28, 2004 @ 3:27p
posted: Jun. 28, 2004 @ 1:15p

Not sure if anyone is interested, but DCU has a special 7 month Cd at 2.25 % APY. I got one to help with early laddering.

DCU

should have added $2500 min.
rated:
posted: Jun. 28, 2004 @ 1:19p

c3 said: That's annualized rate, not monthly rate.

ahh...that makes more sense
rated:
posted: Jul. 2, 2004 @ 3:22a

labboypro said: I've got about $20k at ING in regular savings earning 2.1%. I looked at CDs and decided there was no real upside for the nominal rate increase... but it locked my money down for minimum 1 year. Just didn't seem worth it these days.

If you put the money in a 5-year CD at 4.5% with 6-month early withdrawl penalty, you'll get 0% after 6 months and 2.25% after 1 year. At 1 year, that's about the same as regular savings, allowing some rate increases over the next year. However, after 1 year, the CD earns 4.5% a year, and you can take the money out at any time. The 6-month penalty is already "paid for" in the first year.
rated:
posted: Jul. 2, 2004 @ 3:27a

Capital One probably has the most complicated early withdrawl penalty, base on "Economic Replacement Value". Start from link here, click "Disclosure" under "Certificates of Deposit", and scroll down to "EARLY WITHDRAWAL PENALTY INFORMATION".
rated:
posted: Jul. 2, 2004 @ 12:31p

c3 said: If you put the money in a 5-year CD at 4.5% with 6-month early withdrawl penalty, you'll get 0% after 6 months and 2.25% after 1 year. At 1 year, that's about the same as regular savings, allowing some rate increases over the next year. However, after 1 year, the CD earns 4.5% a year, and you can take the money out at any time. The 6-month penalty is already "paid for" in the first year.

ING's early withdrawal penalty is worse than the standard 6-month penalty. From the website:

As with any CD, should you decide to withdraw your money before the end of the term, certain penalties would apply. The penalty is effectively one-half (½) of all interest accrued on your deposit since the account was opened or renewed. In most cases this rate is still higher than most banks are offering on savings accounts.

I like their CD rates, but that early withdrawal penalty is rough.
rated:
posted: Jul. 2, 2004 @ 12:36p

Goth said: ING's early withdrawal penalty is worse than the standard 6-month penalty.

Yes, and that's why I wouldn't put money in ING's CDs.
rated:
updated: Jul. 4, 2004 @ 11:06a
posted: Jul. 4, 2004 @ 11:05a

Costco members can get a slightly higher rate from Capital One (and Costco Executive Members get a $25 bonus). Costco page (click on CDs and MM acct link)

They only add about 0.05% for CDs, but for the MM acct it bumps the APY from the current 1.75% to 2.11%.
rated:
posted: Jul. 5, 2004 @ 10:08p

Hello!

I love Fatwallet for all the money I have saved (or blown on useless stuff), and so I decided to post to give back to the FW community with the knowledge that I have acquired in my profession.

CD's have historically not been a good long term investment. Some of you may remember when CD's used to pay double digits. But the problem does not lie in CD rates. The problem lies in inflation. Over the last 40-50 years, inflation averages 5 percent, or 4.92 to be more accurate. When CD's paid double digits, inflation was also double digits. For those unfamiliar with inflation, a house 30 years ago that cost 40,000 is now 375-400k today. Imagine another 30 years from today what that house will cost.

In comparison, 40,000 invested 30 years ago at 4.4% ING CD (hypothetically speaking) will get you 145,571 today - BEFORE TAXES. Keep in mind that CD's are taxed annually if you make $10 or more in interest per year. So that means your return is actually a lot less.

Throw in the penalties for early access before maturity, and CD's aren't such a hot deal.

CD's make some sense if you have a lump sum of money and you need to access all of it in the very short term, ie: needing a down payment for a house in 2 years.

You guys definitely do your homework! But if you're looking long-term, invest the right way, look for tax-deferred / tax-free vehicles, and you're on your way.

Hope this helps, and thx FW for helping me stretch my dollar!
rated:
posted: Jul. 19, 2004 @ 12:16p

i see dcu has a 3.00% APY with direct deposit on their 11 month CD. Seems great to me esp. for laddering.
rated:
posted: Jul. 31, 2004 @ 1:46p

ING has lowered their 5 year CD effective 7/24/04. From 4.40% to 4.25% APY.
rated:
posted: Aug. 11, 2004 @ 1:36p

Effective Aug 7, 2004, ING just tanked all their CD's:

Term APY Interest Rate
Effective Date
1 Year 2.50% 2.50% 08/07/04
2 Years 2.875% 2.875% 08/07/04
3 Years 3.35% 3.35% 08/07/04
4 Years 3.90% 3.90% 08/07/04
5 Years 4.00% 4.00% 08/07/04

Weak...
rated:
updated: Aug. 11, 2004 @ 9:00p
posted: Aug. 11, 2004 @ 8:55p

Someone earlier had posted this very helpful site to monitor up-to-date CD rates.

Some of the banks listed seem regional like Intervest NB in New York and Farmers Bank in Ohio. Their CD rates are very competitive.

In particular, Farmers Bank
has a LifePlus CD where you can opt to change a 3 yr CD once and a 5 yr CD twice (3.35 and 4.39 initial rates respectively). Does anyone know if anyone can join? They seem rather inaccessible, no toll-free number.
rated:
posted: Aug. 13, 2004 @ 4:05p

USAA Rate

Fixed 30 Months 3.07 3.11 Min Dep $1,000
Fixed 36 Months 3.30 3.35 Min Dep $1,000
Fixed 48 Months 3.69 3.75 Min Dep $1,000
Fixed 60 Months 4.46 4.55 Min Dep $1,000
Fixed 84 Months 4.50 4.59 Min Dep $1,000
Fixed 36 Months ARC* 3.05 3.09 Min Dep $1,000
Fixed 48 Months ARC* 3.44 3.49 Min Dep $1,000
Fixed 60 Months ARC* 4.21 4.29 Min Dep $1,000
Fixed 84 Months ARC* 4.25 4.33 Min Dep $1,000

*Rate will be adjusted to new, higher rate one time. Maximum adjustable-rate CD increase is 2%

a) Three hundred sixty five (365) days interest on the amount withdrawn on certificates of deposit with terms of seven years or more.
b) One hundred eighty (180) days interest on the amount withdrawn on certificates of deposit with terms greater than one year to less than seven years.
c) Ninety (90) days interest on the amount withdrawn on certificates of deposit with terms of one year or less.

So, I think its 5-year fixed is good. Do you think so?
rated:
posted: Aug. 13, 2004 @ 4:24p

Which bank is USAA? I googled it, seems no hit. Thanks!

CornHusker said: USAA Rate

Fixed 30 Months 3.07 3.11 Min Dep $1,000
Fixed 36 Months 3.30 3.35 Min Dep $1,000
Fixed 48 Months 3.69 3.75 Min Dep $1,000
Fixed 60 Months 4.46 4.55 Min Dep $1,000
Fixed 84 Months 4.50 4.59 Min Dep $1,000
Fixed 36 Months ARC* 3.05 3.09 Min Dep $1,000
Fixed 48 Months ARC* 3.44 3.49 Min Dep $1,000
Fixed 60 Months ARC* 4.21 4.29 Min Dep $1,000
Fixed 84 Months ARC* 4.25 4.33 Min Dep $1,000

*Rate will be adjusted to new, higher rate one time. Maximum adjustable-rate CD increase is 2%

a) Three hundred sixty five (365) days interest on the amount withdrawn on certificates of deposit with terms of seven years or more.
b) One hundred eighty (180) days interest on the amount withdrawn on certificates of deposit with terms greater than one year to less than seven years.
c) Ninety (90) days interest on the amount withdrawn on certificates of deposit with terms of one year or less.

So, I think its 5-year fixed is good. Do you think so?
Skipping 2365 Messages...
rated:
posted: Dec. 12, 2006 @ 3:35p

Edit by Moderator: Because the size of this thread has caused problems, we are sealing this one and opening another. The continuation can be found Here.

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