Happy New Year Everyone! 2009 will be a very interesting year in terms of interest rates, as the Federal Reserve has cut rates to multi-decade lows in order to combat the credit freeze.
Below you could find the best CD rates for several periods:
Period Bank APY Minimum to Open
1 Month UFBDirect.com 3.00% $8000
UmbrellaBank.com 2.30% $1000
3 Months Imperial Capital Bank 3.00% $2000
6 Months Imperial Capital Bank 3.45% $2000
9 Months State Farm Bank 3.17% $500
12 Months Imperial Capital Bank 3.85% $2000
2 Years Imperial Capital Bank 3.70% $2000
GMAC Bank 3.65% $500
3 Years Intervest Natl Bk 3.70% $2500
GMAC Bank 3.65% $500
4 Years Flagstar Bank, FSB 4.50%, $0
Allied First Bank 3.75%, $500
5 Years Flagstar Bank, FSB 4.01%,$0
GMAC Bank 4.00%,$500
Based off the new rates in 2009 it looks like the era of 5% CD rates is over for maturities closer than 5 years.
Saturday, January 3, 2009
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1 comments:
Nice list of CD rates.
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