CD Rates and Deals

Move Your Money Campaign

admin — Thu, 31 Dec 2009 17:01:54 +0000

Arianna Huffington, the founder and publisher of the Huffington post has introduced on her website the “Move Your Money campaign”. She is suggesting that people close accounts with the “Too Big to Fail” or “Too Politically Connected to Fail” banks, and invest their money into small community banks. She created a website, called moveyourmoney.info, which includes a widget that will let find small local banks by zipcode.

She writes:

The big banks on Wall Street, propped up by taxpayer money and government guarantees, have had a record year, making record profits while returning to the highly leveraged activities that brought our economy to the brink of disaster. In a slap in the face to taxpayers, they have also cut back on the money they are lending, even though the need to get credit flowing again was one of the main points used in selling the public the bank bailout. But since April, the Big Four banks — JP Morgan/Chase, Citibank, Bank of America, and Wells Fargo — all of which took billions in taxpayer money, have cut lending to businesses by $100 billion.

Switching your accounts can take a lot of time and can be a hassle, so it remains to be seen if this grass roots campaign will translate into action that makes the big banks take notice.

You can find local banks and interest rates on RateZip.com by city, state and zip.

GMAC’s New ALLY Bank – Rates too High?

admin — Mon, 15 Jun 2009 01:39:54 +0000

ABA President Edward Yingling recently wrote to FDIC Chief Sheila Blair, concerned about the aggressive rate practices of ALLY Bank. He wrote that “fast asset growth supported by aggressive deposit gathering strategies is a strong sign of high financial risk activity.” Will the FDIC start telling banks soon that the interest rates they are paying on CD and Savings accounts are too high?

SunTrust Bank 7 Month CD

admin — Wed, 29 Oct 2008 00:51:05 +0000

SunTrust Bank has a 7 month CD with a promotional 4.10% APY advertised on its website. There is a $10,000 minimum deposit and a SunTrust checking account required.

Chase offers 3.75% APY 9 Month CD

admin — Mon, 27 Oct 2008 02:04:02 +0000

According to Chase’s website, it is currently offering several promotional CD rates that are considerably competitive. 9 month CD rate is listed at 3.75% APY, with a $10,000 minimum balance. The APY applies only to the initial 9 month term and will not renew at that rate, rather it will renew at the then current standard APY.

Wachovia’s CD Rates Rock

admin — Mon, 20 Oct 2008 02:39:27 +0000

Wachovia may have been acquired by JP Morgan Chase, but hasn’t stopped it from offering super competitive CD rates. Its latest offering is a 4.10% APR 12 month CD.

Pacific Merchantile Bank offer 4.39% APY 12 Month CD

admin — Sun, 05 Oct 2008 01:26:56 +0000

Pacific Merchantile Bank, based in Costa Mesa, CA is offering very aggressive rates on its 12 month CD. Rates are current as of 10/4/08 according to its website.

E-Loan Offers 4.15 % APY 6 Month CD

admin — Thu, 02 Oct 2008 15:22:56 +0000

E-Loan has some great CD rates including a 4.15% APY on its 6 month CD. E-Loan also offers very competitive savings account, auto loan and mortgage rates.

Guaranty Bank 5% APY 7 Month CD

admin — Wed, 01 Oct 2008 23:29:36 +0000

Guaranty Bank, located throughout Texas and California, is offering a 5% APY rate on a 7 month CD, with a minimum deposit of $1,000.

Pentagon FCU Offers 5% APY 3 Year CD

admin — Wed, 01 Oct 2008 23:13:58 +0000

Pentagon Federal Credit Union is now promoting a 5% rate for CDs, with terms of 3, 4, 5 and 7 years and a minimum deposit of $1,000. See link for a full list of current Pentagon FCU rates on RateZip.com.

STC Capital Bank Offers a 4.25% 6 Month CD

admin — Sun, 28 Sep 2008 23:45:06 +0000