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Boy, rates are down!

January 23rd, 2008 at 12:48 pm

I have a jumbo CD coming due this Saturday. I called last week to get rates at several local banks. When the fed lowered rates yesterday, I called again today. All of the rates were lowered some to 4% and some even lower than that!
I just opened an account at Umbrella bank cause they were paying 5% and today they are down to 4.65%
Wow, I just can't seem to move fast enought to get a decent rate!

At least this is taking my mind off of the falling stock market!!

5 Responses to “Boy, rates are down!”

  1. threebeansalad Says:

    Yes they are! I filled out forms online over the weekend to open a CD at Emigrant Direct (at the time, the rate was 4.55%). Due to the holiday, it said my CD wouldn't be processed until today 1/23. Unfortunately, the Emigrant Direct CD rate also dropped to 3.5% today so that is the rate I'll get. Rats!

  2. Nic Says:

    I'm just glad the markets went up again.
    But,unlike this past summer,I'm not blinking just yet. My International Funds did well which helped,plus,a lot of my $$$ in the IRA is in fixed income. Sigh of relief.

    Dow 12,270.17 +298.98 +2.50%

    Nasdaq 2,316.41 +24.14 +1.05%

    S&P 500 1,338.60 +28.10 +2.14%

  3. Ralph Says:


  4. Ralph Says:

    Yes, our government is once again encouraging us by example to deficit spend and showing us that savers should be penalized. Grrr.

  5. HelpMeFriend Says:

    If you knew then what you know now, you could have said something to prevent a fall in the %.

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