I think someone needs some short term money...

Make the most of your cash with an FDIC-insured certificate of deposit, now at TD AMERITRADE. Open a new account, deposit or transfer $10,000 and lock in a current annual percentage yield (APY) of 5.30% for a 3-Month CD. Then discover how our tools and resources can help you invest independently.

Maturity: 3 months from date of issue
Minimum Deposit: $10,000
Maximum Deposit: $100,000
Rate of interest: 5.20%

Linky Linky

mAdBawLr said:I think someone needs some short term money...Linky LinkyIf you're referring to TDAmeritrade.... I don't think so.... Thanks for the link though as I have had my brokerage service with them since 1999... They have stellar customer service....

Anyone try opening an account without doing it online?

why would one want to deal with CDs while online saving bank is offering close to 5%?

FWC said:why would one want to deal with CDs while online saving bank is offering close to 5%?

Rates will likely drop further. If you're locked into a CD you get a couple to several or more months at the higher rate. The way the economy is going, the 9 and 12 month CDs are looking more and more attractive. Of course the ultimate liquidity is to go with a savings account.

yorkhung said:I prefer to put all my money into Countrywide Bank as for now.
They have 5.30% saving and 5.50% 3 month or 6 month CD.
Plus they are a big national wide bank.
I don't see any reason to put money elsewhere for now.

Just make sure you stay under the FDIC limits. Despite what the media has been playing, Countrywide seems to be in pretty good shape. But you just never know.

I have a feeling their savings yield will drop to about 5% if rates are cut 25 basis points at the end of the month. Below 5% if rates are cut by 50 BP. Let's hope they don't cut rates by more than 25 BP.

is 5.3 APY still honored as of 1/23?
has anyone with existing account purchased this CD?

I opened an account with them for miles. Now, is there a way to get in to this 5.30% CD without opening another account?

Yes. I opened the CD today. The funds were instantly credited and available at TD's end.

I called customer service to buy the CD though because I didn't want to wait on the code.

pueywei said:I opened an account with them for miles. Now, is there a way to get in to this 5.30% CD without opening another account?

If you bring in new money, they will allow you to purchase a CD in the amount equal to the new money. At this point, it might take too long unless you have the accounts linked and can do it fast.

Might be faster to open a new account, because during the new acct process you can do an ACH deposit without the trial deposit amt verification.

busterbaxter said:any hard pull for opening this CD? Thanks.

Hard pull if this is your first TD AM account. If you already have an account, it is usually a soft pull, i.e. account review. Also, hard pull might depend if you sign up for margin or cash account.