Tuesday, May 25, 2010

CD Rates Blog Posts

Here is some updated Blog Posts:

We have added a new section to the main part of our site. I may end up moving it to the blog, but for now, the blog will host Bank and Credit Union Reviews. We are splitting the rates out by state, our first CA CD Rates is completed.

Ally Bank is been out there with internet ads all over the place. People either love them or hate them. The love crowd probably doesn't realize they use to be called GMAC Bank and that is the history they are trying to distance themselves from. They also advertise to have no small print, but I've read in some forums where people have been surprised by changes in rates after they thought they were locked in. One nice feature is their 60-Day penalty. This makes the 5-year play very attractive. The 1-year is in range with other banks at 1.50% and the 5-year is 2.99%. I guess they just couldn't afford 3.00%. They have a 3-star Bauer rating.

Discover Bank has been around the internet for quite some time. Actually, I've found them to be a good bank to work with. But, always appreciate hearing other's experiences. They do have competitive rates and a snazzy graph to show how much you'll earn with them over the national averages. Frankly, I don't like just squeaking by average. Anyway, their 1-year CD is 1.50% (whose isn't these days?!?), they have an 18-month at 1.70%, a 2-year at 2.00%, and a 5Y at 3.00%. They have a 4-star rating from Bauer.

Great CD Rates