For today, we have rounded up some articles from around the net that can help you Maximize Your Interest Rates. Here are some summaries:
CD Investment Alternative -- Peer-to-Peer lending: In the traditional banking system, banks "buy" your money for the rate they pay you on your checking, savings, and CD deposits (currently somewhere between 1-5%). They then "sell" your money as loans to borrowers at the going market rate for loans. The bank then takes the difference to cover its costs of operation and keeps the remainder as its profit.
In peer to peer lending, the Lender and Borrower cut out the bank as the middleman. This gives the borrower a chance at a lower interest rate on their loan as Lenders compete with each other to make loans to borrowers...
Did you know that IRAs can hold CDs (Certificates of Deposit): There are free sources of rates such as Bankrate.com and fee based services such as ours that call banks and credit unions looking for high rates. You can also search the internet using one of the three main search engines such as Google, Bing, or Yahoo. Each of them has a search bar where you can type certain key words such as "best ira cd rates" or "best ira certificate of deposit rates". ..
Go here to view these articles and more High Bank CD Interest Rate Information.
Also check out our new sister site, Jumbo CD Investments[dot]Net.
Wednesday, November 3, 2010
Friday, June 18, 2010
CD Interest Rates Around the Web
You may not be aware that I actually publish CD Interest Rates articles in quite a few places. So here is a few of those. Of course, before I do, I thought I might leave you a little certificate of deposit goody bag.
What's cool about this blog is I can give you as much info as I want. On many of the places I write, I can't provide contact details. So be nice and leave a little comment below or even link to this blog or post.
First Federal Bank of the Midwest in Defiance, OH. Contact# is (419) 782-5015. Bank is a 4-star bank. They have a little over $2 Billion in assets and had a $1.7MM profit for the first quarter. The bank has been offering a 37-month special for 2.72% APR / 2.75% APY. Give them a shout.
Now for a few of my other articles. Many of those articles provide high interest CD Rates, but they may only be available in certain areas. Still, there are some gems there.
Top CD Rates
High Interest Certificate of Deposit
Florida CD Rates
Have an awesome day.
cd :O)
What's cool about this blog is I can give you as much info as I want. On many of the places I write, I can't provide contact details. So be nice and leave a little comment below or even link to this blog or post.
First Federal Bank of the Midwest in Defiance, OH. Contact# is (419) 782-5015. Bank is a 4-star bank. They have a little over $2 Billion in assets and had a $1.7MM profit for the first quarter. The bank has been offering a 37-month special for 2.72% APR / 2.75% APY. Give them a shout.
Now for a few of my other articles. Many of those articles provide high interest CD Rates, but they may only be available in certain areas. Still, there are some gems there.
Top CD Rates
High Interest Certificate of Deposit
Florida CD Rates
Have an awesome day.
cd :O)
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
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
Friday, March 27, 2009
Millennium Bank Implicated by SEC
Millennium Bank has been implicated for running a Ponzi Scheme by the SEC. Three individuals have been named and it is alledged that up to seven may be involved.
Here is the rest of the story:
Millennium Bank in Caribbean: Ponzi Scheme Shut down by SEC
Here is the rest of the story:
Millennium Bank in Caribbean: Ponzi Scheme Shut down by SEC
Tuesday, January 27, 2009
Why Are Jumbo CD Rates So Darn Popular?
Why are Jumbo CD Rates so Popular? There are actually quite a few reasons. First, they are safe. Your principal is insured up to $250,000 through 12/31/2009. Your interest is also protected, assuming when added to the principal, they are less than the FDIC insurance limits. If Congress and the President don't make the change permanent, the insurance will revert back to $100,000 on 01/01/2010. With most people losing 35% to 50% of their worth from the stock market losses these last 6-months, many are looking for principal guarantees.
Second, the rate of return is higher than other guaranteed investments such as Federal Bonds (FHLB, FNMA, etc.) or Treasuries. Considering that Fed Funds is at 0% to 0.25%, the spread between that and CDs is quite appealing. I've seen some CD rates as high as 4.05% APY for 1Y. Although most are in the 3.00% to 3.50% range for personal accounts. Rates that are available for corporations and institutional clients are around 2.50% to 3.00%.
Third, CD portfolios are quite easy to manage. You don't have to worry about daily swings in the rates. And if you set up your CDs through a custodian you can manage millions of dollars as if it is a single CD.
Finally, fixed-term CDs are guaranteed a rate of return through the maturity date. Of course this assumes the bank lasts through the maturity date, but overall I think most banks are fine. So if you invest $100,000 for 1Y at 3.50%, you know you will earn $3,500.
During times of uncertainity, Jumbo CD Rates, can be a great way to practically guarantee some earnings. Naturally it is always wise to not put all of your eggs in one basket, but this last crisis certainly hit even will diversified portfolios hard.
Let me know your thoughts.
Second, the rate of return is higher than other guaranteed investments such as Federal Bonds (FHLB, FNMA, etc.) or Treasuries. Considering that Fed Funds is at 0% to 0.25%, the spread between that and CDs is quite appealing. I've seen some CD rates as high as 4.05% APY for 1Y. Although most are in the 3.00% to 3.50% range for personal accounts. Rates that are available for corporations and institutional clients are around 2.50% to 3.00%.
Third, CD portfolios are quite easy to manage. You don't have to worry about daily swings in the rates. And if you set up your CDs through a custodian you can manage millions of dollars as if it is a single CD.
Finally, fixed-term CDs are guaranteed a rate of return through the maturity date. Of course this assumes the bank lasts through the maturity date, but overall I think most banks are fine. So if you invest $100,000 for 1Y at 3.50%, you know you will earn $3,500.
During times of uncertainity, Jumbo CD Rates, can be a great way to practically guarantee some earnings. Naturally it is always wise to not put all of your eggs in one basket, but this last crisis certainly hit even will diversified portfolios hard.
Let me know your thoughts.
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