You could’ve bought a 12 month brokered Ally CD, on March 11, 2011 at ZionsDirect with a yield of 1.44%. That is 0.19% APY higher than buying the same term CD directly from Ally. Definition: A brokered CD is a CD that is purchased by a broker (usually with a large sum) and then split up into smaller CDs and then offered to investors at above-average-rates. You must have a broker that offers brokered CDs to purchase one. However, even though almost all brokered CDs are FDIC insured, they … [Read more...]
Incredible Bank’s New 12 and 18 Month CD Rates and Checking Account
Incredible Bank is getting media attention for it’s no-strings-attached high interest checking account currently offering 1.35% APY and has a $1,000 minimum deposit. Incredible Bank has recently increased their 12 Month CD APY by 0.15%, from 1.30% to a much more competitive 1.45% APY. The Bank is also introducing a new 18 month CD with a competitive interest rate as well. The interest rate for each of these CD’s are as follows: - 12 Month CD at 1.45% APY - 18 … [Read more...]
Valentine’s Day CD Offer
Thanks to Darryl (a RateCatcher.com reader), today we’ll review a Valentines Day CD special. From now until midnight on Valentine’s Day, you can score sweet gifts by opening a CD at GiftsforBanking.com In order to get the Valentine’s iPad/Camera Bundle, you need to open either a 2 year CD with a minimum of $50k or a 3 year CD with at least $25k. The bundle includes: Nikon Coolpix® L22 Camera (red) 32GB Apple® iPad f?l Brooklyn 2-in-1 iPad Backpack $25 … [Read more...]
Top CD Rates for 2011
Below is the latest list of the best CD rates available nationwide. Three of the best rates are offered by credit unions but they can be joined easily no matter where you live. Keep in mind that Melrose Credit Union can easily be joined anyone from anywhere in the USA for $1. Also, Fort Knox Credit Union can be joined easily by first becoming a member of the American Consumer Council at no cost. Then simply pay a one-time $10 fee membership fee to Fort Knox Credit Union and you’re in. … [Read more...]
Serious Gifts for Opening a CD – GiftsforBanking.com Review
Flushing Savings Bank owns iGObanking.com and GiftsforBanking.com. Both sites offer CDs but is it better to choose a higher yield or a gift? To decide this, I will compare the dollar amount of interest you would earn by choosing to not get a gift with the retail value of a sample of gifts. 2 Year CD Minimum Deposit of $5000 to Get Gift CD rate at iGObanking.com (no gift): 1.25% APY CD rate at GiftsforBanking.com (gift): 1.00% APY Amount of interest lost on a $5k deposit over 2 … [Read more...]
