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

**Tom** · 07-25-2005, 08:59 PM

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

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

**_Charles_** · 07-25-2005, 09:13 PM

Quote:

Originally Posted by Tom

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

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

http://www.bankrate.com/brm/rate/hig...duct=15&sort=3

BTW: Countrywide is my Mortgage company,

I highly reccomend them.

Charles

Whaazup17 · 07-25-2005, 09:40 PM

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

Robin355 · 07-26-2005, 10:24 AM

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** · 07-26-2005, 10:58 AM

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

Whaazup17 · 07-26-2005, 01:32 PM

Quote:

Originally Posted by 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

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

Robin355 · 07-26-2005, 01:37 PM

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 · 07-26-2005, 02:53 PM

Quote:

Originally Posted by Robin355

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 · 07-26-2005, 09:23 PM

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 · 07-26-2005, 11:51 PM

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

**_Charles_** · 07-27-2005, 09:33 AM

Quote:

Originally Posted by Rdline1

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 · 07-27-2005, 10:03 AM

Quote:

Originally Posted by 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%

-R

Whaazup17 · 07-27-2005, 12:28 PM

Quote:

Originally Posted by Robin355

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%

-R

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

BlackZ28 · 08-03-2005, 05:01 PM

never, too many things goin on all over the world

07-25-2005, 08:59 PM	#1 (permalink)
Tom Strict Machine	These CD Rates are ridiculous!! (in a good way) https://bank.countrywide.com/CWBrates.aspx?product=cd im thinking about the 12 month myself... can u find em better than that, if so, lemme know!

07-25-2005, 09:40 PM	#3 (permalink)
Whaazup17 Registered User	You got 10k? The highest place I found locally is Intervest National. I think 3.88% 2,500 min. 1 year

07-26-2005, 10:24 AM	#4 (permalink)
Robin355 Registered Loser	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

07-26-2005, 10:58 AM	#5 (permalink)
moldyhands Porno Music Producer	4% is not what i'd consider a good return. for the low risk portion of your portfolio though, i'd recommend it.

07-26-2005, 01:37 PM	#7 (permalink)
Robin355 Registered Loser	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

07-26-2005, 09:23 PM	#9 (permalink)
Whaazup17 Registered User	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?

07-26-2005, 11:51 PM	#10 (permalink)
Rdline1 Hi Hi Hi?	is that really true on the bankrate site where the minimum is $1? wtf?

08-03-2005, 05:01 PM	#14 (permalink)
BlackZ28 ppssshsshhhhhhh	never, too many things goin on all over the world