CD Rates

C

CalGal_IHB

New member
<p>Anyone find any good CD Rates lately? The best ones I could find are . . . </p>

<p>World Savings 8-month CD 5.32% / 5.46% APY</p>

<p>Independence Bank 9-month CD 5.26% / 5.40% APY</p>

<p>Imperial Capital 6-month CD 5.32% / 5.45%</p>
 
<p>If you are after something more liquid, I bit at Everbank's teaser and their sustaining rate is pretty decent for their MM account.</p>

<p><a href="http://www.everbank.com/001MoneyMarketYP.aspx?referid=11566&sourceID=M_84712771">http://www.everbank.com/001MoneyMarketYP.aspx?referid=11566&sourceID=M_84712771</a></p>

<p>SCHB</p>
 
Indymac has a 3-month CD at 5.32% rate/5.46% APY





<a href="http://www.indymacbank.com/Individuals/banking/page.asp?pSection=yCusCD&ck=1&imb=yho:gencdterm:gencdterm:highest_cd_rates&ef_id=1275:1:904d3e85b54021395632eea3ab070ee9:5gghf0NIYXsAADqSPHMAAAAU:20070803161742">www.indymacbank.com/Individuals/banking/page.asp</a>





E-loans has a savings account with a 5.12% rate (5.25% APY)($5,000 minimum)





ING's orange saving account has a 4.5% rate (no minimum)
 
<p>The mother of all CD rate threads: <a href="http://www.fatwallet.com/t/52/682884/">http://www.fatwallet.com/t/52/682884/</a></p>
 
<p>Also keep in mind that t-bills are exempt from state income tax. This gives them an equivalent return that beats most CD's</p>

<p>EXAMPLE: Recent tax equivalent yields for CA (9.3% state tax)


(All rates calculated for various marginal federal income tax rates)</p>

<p>TERM (days) .................................. 28 ................. 91 ................ 182


ISSUE DATE ......................... 07/26/07 ......... 07/26/07 ........ 07/26/07


Unadjusted APY....................... 5.161% .......... 5.125% .......... 5.163%


Itemizers (deduct state tax)....... 5.690% .......... 5.650% .......... 5.693%


Non-Itemizers @ 15%............... 5.795% .......... 5.754% .......... 5.798%


Non-Itemizers @ 25%............... 5.892% .......... 5.850% .......... 5.894%


Non-Itemizers @ 28%............... 5.927% .......... 5.885% .......... 5.929%


Non-Itemizers @ 33%............... 5.993% .......... 5.951% .......... 5.996%


Non-Itemizers @ 35%............... 6.023% .......... 5.980% .......... 6.025%</p>

<p>t-bill thread: <a href="http://www.fatwallet.com/t/52/588518">http://www.fatwallet.com/t/52/588518</a></p>
 
<p>oc-fliptrack - we did buy a CA Municipal Bond to avoid state and federal tax. However, it's been going backwards lately. I tease my husand that they can't charge you tax anyway when your principal goes backwards He tells me to be patient (which I'm not).</p>
 
<p>Ugh. It didn't occur to me that Munis can run backwards!</p>

<p>T-bills are interesting animals. You buy a $1k bill at a discount (determined at a weekly auction) and it pays back the full $1k at maturity. So as I re-buy the bills, my account constantly spins-off beer money which I have to sweep into a high-rate savings acct.</p>
 
<p>My husband says that we'll make the money back with the Bonds dividends that we should get at the end of the year. We'll see. </p>
 
<p>I have a better solution for you CalGal...put your money in one of those money market fund with Fidelity, etc. It is not a CD, so you can take the money out at any time. The rates are above 5%. </p>

<p>Personally, I actually like Fidelity's CA AMT tax free money market fund, which pays around 3.5%. It is completely fed and state tax free, and the earnings doens't even get reported to the IRS ( so won't increase your AMT tax). </p>
 
<p>irvine123 - that's a great idea. Thanks. We already have a brokerage account with Fidelity, so this will work out nicely. I just ran it by the hubby and he likes it as well. It's on my To-Do List for today. T h a n k s !</p>
 
<p>Similar online bank savings accounts to ING are :</p>

<p><a href="http://www.igobanking.com/home/home">I Go Banking</a> no min and 5.3%</p>

<p><a href="https://www.emigrantdirect.com/EmigrantDirectWeb/index.jsp?source=Google&gclid=CNj0qev12Y0CFQSMYAodf0USZA&fp_keyword=emigrant+direct&fp_source=Google">Emigrant Direct</a> no min and 5.05%</p>
 
<p>Halfnote19 - I just opened a savings account with Countrywide.com. I can link it with my primary checking account. Their current rates are . . . </p>

<p>10k - 49k


5.11% / 5.25 %</p>

<p>50k - 100k


5.26% - 5.40%</p>

<p>I wish I had known about this last week. I just tied money up in a CD with the same rates as this liquid savings account. </p>
 
<p>Also peek at Everbank. I'm thinking about having an account open and ready to use as my "backyard coffee can" when/if TSHTF. It'd be nice to have a quick USD exit strategy.</p>

<p>Don't worry.... I'm not stocking up on Gold, guns, and ammo. Yet. </p>
 
Major Schadenfreude, oc_fliptrack,





Have you used Everbank to buy gold or foreign currency? I've heard rumors in the past that the conversion rate wasn't that great, but I never used them before. Is this the optimal way to do it?
 
If you all are looking at a currency to consider trading, look at the yen. Japan's currency is grossly undervalued due to years of 1/2% interest rates. The Japanese central bank has signaled their intention to start raising interest rates as a way to prompt traders to unwind their carry trade positions. Few have headed their warning. The next big news on the credit crunch will likely come from Japan when they actually start raising interest rates.





When any country starts raising interest rates, its currency increases in value. This is why the dollar has dropped relative to the British pound and the Euro and just about every other currency in the world. Most central banks have been raising interest rates over the last couple of years. When Japan finally does this, the yen will start to climb.





Of course, all of this changes if the FED starts raising interest rates, then you will want dollars instead of anything else.
 
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