These CD Rates are ridiculous!! (in a good way)

[Tom]

https://bank.countrywide.com/CWBrates.aspx?product=cd
im thinking about the 12 month myself...
:dunno:

can u find em better than that, if so, lemme know!

[_Charles_]

https://bank.countrywide.com/CWBrates.aspx?product=cd
im thinking about the 12 month myself...
:dunno:

can u find em better than that, if so, lemme know!

http://www.bankrate.com/brm/rate/high_ratehome.asp?params=US,416&product=15&sort=3

BTW: Countrywide is my Mortgage company, :bigthumb: :bigthumb:
I highly reccomend them.

Charles

[Whaazup17]

You got 10k?
The highest place I found locally is Intervest National. I think 3.88% 2,500 min. 1 year

[Robin355]

not sure i'd lock up my money in any CDs now. You can get savings accounts that pay over 3%... back in the 80's when mortgages were at 15%, CDs were paying 8-9%, so pay off your debt and hope the housing bubble bursts and interest rates go up.

-R

[moldyhands]

4% is not what i'd consider a good return. for the low risk portion of your portfolio though, i'd recommend it.

[Whaazup17]

not sure i'd lock up my money in any CDs now. You can get savings accounts that pay over 3%... back in the 80's when mortgages were at 15%, CDs were paying 8-9%, so pay off your debt and hope the housing bubble bursts and interest rates go up.

-R


damn I wish I had that rate right now...

[Robin355]

Just give it a couple of years. I'm sure we'll be right back at that spot. Just make sure you lock in all of your loans now :)

-R

[Charles]

not sure i'd lock up my money in any CDs now. You can get savings accounts that pay over 3%...

+1, not worth <1% to me to have it locked up for a year...

[Whaazup17]

Do you really think the rates would change enough to make it NOT worth a 6 month cd? I mean when is the fed supposed to raise prime again?

[Rdline1]

is that really true on the bankrate site where the minimum is $1? wtf?

[_Charles_]

is that really true on the bankrate site where the minimum is $1? wtf?

I would never take 'Bankrate.com' as concrete evidence. Always check with the individual bank.

Charles

[Robin355]

back in the 80's when mortgages were at 15%, CDs were paying 8-9%,

Replying to myself here..... I just looked around some more and found a few articles from 2000 and 2001 that talked about CD rates hovering around 7-8% (at that time).. I found some stuff about CDs in the 80s being up in the 12-13% range. Kind of funny how we get all excited when ING bumps from 3% to 3.15% :dunce:

-R

[Whaazup17]

Replying to myself here..... I just looked around some more and found a few articles from 2000 and 2001 that talked about CD rates hovering around 7-8% (at that time).. I found some stuff about CDs in the 80s being up in the 12-13% range. Kind of funny how we get all excited when ING bumps from 3% to 3.15% :dunce:

-R

WOW I want a 12-13% range. How long do you think till we get tehre?

[BlackZ28]

never, too many things goin on all over the world