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C.D. rates

January 9th, 2008 at 09:54 pm

I have a certificate of deposit that comes due on Jan. 26th. I thought today I would call around and see what the four local banks were paying.
Since my dh was building spec homes, I like to keep a lot of cash very local so I can get to it quickly and easily!
Looks like three of the banks were paying between 4.5%-4.7%
The other bank, where I actually have the cash, is only paying 4.1% Gosh, my local money market is paying better than that. I guess they are going to let me walk out of that bank with a lot of money. We are talking jumbo C.D with a years worth of interest!! Bye, bye bank!!

Posted in Uncategorized | 4 Comments »

4 Responses to “C.D. rates”

  1. just me Says:
    January 9th, 2008 at 09:57 pm 1199915851
    1199915851

    I use Washington Mutual (b/c we have one on the corner), but right now they have pretty high rates for an online CD. 6 months with 5.10 APY.

  2. merch Says:
    January 9th, 2008 at 10:18 pm 1199917120
    1199917120

    You might want to shorten your maturity for a higher yield or put it into a money market treasury fund (should be able to get 4.5%).

    Countrywide is offering a 3 mo or 6 month at 5.3%

    Anything over that and the rates start to drop. Looks like everyone thinks will get another rate cut in the next year.

  3. scfr Says:
    January 10th, 2008 at 12:08 am 1199923735
    1199923735

    I hear you! It's getting a bit frustrating, isn't it?

  4. Aleta Says:
    January 10th, 2008 at 03:03 pm 1199977382
    1199977382

    I too just saw the Washington Mutual CD too and all you need is $1,000. to invest for the yield.

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