Best CD and Money Market Rates

[quote author="ipoplaya" date=1234456673]Dollarsavings dropped again, this time to 3.05%. I'm getting my dollars out of there...</blockquote>
It's still a better rate than Countrywide.
 
[quote author="ipoplaya" date=1234257796][quote author="badtime" date=1234236753]



Just opened a CD account with hanmi for 6 months term at 3.5%. seems this is the best rate these days. better than nothing. thanks.</blockquote>


Hanmi is quick with the funding test deposits. I signed up on Friday and the deposits are showing today.</blockquote>


this is a good deal but should i concern about their ratings.? or as long as they're covered by FDIC that should be fine.?
 
[quote author="badtime" date=1236829981]any more short term CD deals? I have a little more money just matured from BOA CD. thx</blockquote>


my CD matured too from BofA a few weeks ago, just open one from Hanmi as someone suggested here.
 
[quote author="Johnny" date=1236830348][quote author="badtime" date=1236829981]any more short term CD deals? I have a little more money just matured from BOA CD. thx</blockquote>


my CD matured too from BofA a few weeks ago, just open one from Hanmi as someone suggested here.</blockquote>


hanmi dropped their rates to 1.7%. not hot at all
 
GMAC Bank has a 12-month at 2.91% and 6-9 months CDs at 2.47%. At those rates, it's probably better to go money market or rewards checking. I opened up a rewards checking with First New England Credit Union. It has no debit card transaction requirements and pays 3% on balances up to $50K.



Rewards checking accounts are a nice earning tool if you have $25-50K to park. You can get rates of 4-5% on them quite easily.
 
Ipop, which one did you select to open an account? Was there a fee to join the "Friends of the Library"?



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I became a member when they were running a 5% 6-month CD special and joined via Friends of the Library. I think it cost $10...
 
[quote author="badtime" date=1236901464][quote author="Johnny" date=1236830348][quote author="badtime" date=1236829981]any more short term CD deals? I have a little more money just matured from BOA CD. thx</blockquote>


my CD matured too from BofA a few weeks ago, just open one from Hanmi as someone suggested here.</blockquote>


hanmi dropped their rates to 1.7%. not hot at all</blockquote>


yep, looks like they just drop their rate, bummer
 
[quote author="usctrojanman29" date=1237124872]Just curious...what would all of you do with your cash if you could not find a CD/money market that paid more than 1%???</blockquote>


That's a good question....



I'd be content with 1%. At least it's not negative 50% like so many experienced.
 
[quote author="usctrojanman29" date=1237120434]Got an e-mail from TDAmeritrade that they are offering a 3-month 3% CD insured up to $250k.</blockquote>


I can't find the offer on their website. Would you mind posting the offer? Do you have a retail account or a instutional account?
 
[quote author="Mcdonna1980" date=1237125522][quote author="usctrojanman29" date=1237124872]Just curious...what would all of you do with your cash if you could not find a CD/money market that paid more than 1%???</blockquote>


That's a good question....



I'd be content with 1%. At least it's not negative 50% like so many experienced.</blockquote>
Very good point, capital preservation can be more important than risk based appreciation.
 
[quote author="Mcdonna1980" date=1237126165][quote author="usctrojanman29" date=1237120434]Got an e-mail from TDAmeritrade that they are offering a 3-month 3% CD insured up to $250k.</blockquote>


I can't find the offer on their website. Would you mind posting the offer? Do you have a retail account or a instutional account?</blockquote>
Here is the link of the website after I clicked on the link in my e-mail (I forwarded it to your e-mail)...



http://www.tdameritrade.com/offer/cd/depositoptions.html?uid=75841954&a=&referrer;=#



Looks like the minimum deposit is $25,000 and maximum deposit is $250,000 and must be done by 3/25/09. Rate is 2.97% with an APR of 3.00%. I have an individual trading account. Also, if you open an individual trading account by 3/31/09 TDAmeritrade will give you $100 and 30 free trades.
 
[quote author="Mcdonna1980" date=1237126165][quote author="usctrojanman29" date=1237120434]Got an e-mail from TDAmeritrade that they are offering a 3-month 3% CD insured up to $250k.</blockquote>


I can't find the offer on their website. Would you mind posting the offer? Do you have a retail account or a instutional account?</blockquote>




found it.http://www.tdameritrade.com/offer/cd.html



I'll take 3% for 3 months. thx
 
I'm still getting 3% from E+Trade and Fidelity on money market accounts. You can get 5%+ if you're willing to buy a tax free muni bond fund which buys CA bonds.
 
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