Bank CD rates?

User Forum Topic
Submitted by markzuber on July 13, 2009 - 9:47pm

I am looking for a high CD rates. Can be a long or short term. Any suggestion?

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Should look at 1yr CD since
Submitted by equalizer on July 13, 2009 - 11:18pm.

Should look at 1yr CD since most people here believe rates will go up. Use bankrate's safe and sound to choose your pick.

http://www.bankrate.com/funnel/cd-invest...

For example, Discover Bank 1 yr 2.08%

You may want to consider putting a small portion in very conservative bond fund such as

Weitz Short-Intermediate Income WEFIX
that hasn't has a down year in last 7 years

http://quicktake.morningstar.com/fundnet...

CDs are a waste right now,
Submitted by kev374 on July 14, 2009 - 8:29am.

CDs are a waste right now, why lock your money into a CD when you can get 2.5% with the BOFI Advantage savings with full flexibility? Besides interest rates look like they will move up within the year since they cannot go any lower anyway.

kev374 wrote:CDs are a waste
Submitted by 5yearwaiter on July 14, 2009 - 8:54am.

kev374 wrote:
CDs are a waste right now, why lock your money into a CD when you can get 2.5% with the BOFI Advantage savings with full flexibility? Besides interest rates look like they will move up within the year since they cannot go any lower anyway.

BOFI is stand for what ?

I'm loving my American
Submitted by evolusd on July 14, 2009 - 9:33am.

I'm loving my American Express savings account at 2.75%. It's tied to my 'One' credit card that deposits 1% of all purchases into the savings account...and you can add to the savings account as you wish.

That's right...2.75% savings account.

5yearwaiter wrote:kev374
Submitted by alarmclock on July 14, 2009 - 9:44am.

5yearwaiter wrote:
kev374 wrote:
CDs are a waste right now, why lock your money into a CD when you can get 2.5% with the BOFI Advantage savings with full flexibility? Besides interest rates look like they will move up within the year since they cannot go any lower anyway.

BOFI is stand for what ?

http://www.bing.com/search?q=bofi+advant...

(* amazingly bing does better than google on this, this is a first )

evolusd wrote:I'm loving my
Submitted by 5yearwaiter on July 14, 2009 - 10:40am.

evolusd wrote:
I'm loving my American Express savings account at 2.75%. It's tied to my 'One' credit card that deposits 1% of all purchases into the savings account...and you can add to the savings account as you wish.

That's right...2.75% savings account.

How long these interest rates they keep. As per terms and conditions it is stated they can change or alter their interest rates. Do they increase or decrease these rates in general?

They haven't changed it in a
Submitted by evolusd on July 14, 2009 - 1:38pm.

They haven't changed it in a while, which is surprising to me. They have always been about 25-50 bps higher than ING Orange Savings, but they kept the rate at 2.75% when everyone else dropped down to 1.5%.

evolusd wrote:They haven't
Submitted by equalizer on July 14, 2009 - 3:49pm.

evolusd wrote:
They haven't changed it in a while, which is surprising to me. They have always been about 25-50 bps higher than ING Orange Savings, but they kept the rate at 2.75% when everyone else dropped down to 1.5%.

This link is showing 2.0% for Amex? Do you have special link or just grandfathered rate?

http://personalsavings.americanexpress.c...