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Best places to buy Cd's online
Old 08-30-2008, 11:22 PM   #1
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Best places to buy Cd's online

I'm looking to put some money into Cd's. I have accounts with Vanguard Fidelity and Schwab.

A few months back it seemed that Fidelity had loads of Cd's and now they have very few like 21.

Vanguard has a 10k minimum order for new issue Cd's and some of the rates are good.

And Schawb has some good rates also and no 10k minimum.


I just wanted to see what others thought was the best places online to buy Cd's?

Jim
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Old 08-30-2008, 11:32 PM   #2
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Try this place. It might help.

CD Rates | Compare High Yield Certificate of Deposit Best Highest Certificates Laddering CD Rate Ladder
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Old 08-31-2008, 06:48 AM   #3
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Schwab is the best in my opinion. Do read up before buying as many of their CDs are callable.
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Old 08-31-2008, 08:41 AM   #4
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I've been using Schwab and have been pleased with the offerings and easy transactions so far.
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Old 08-31-2008, 09:19 AM   #5
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to see the best deals available, Bank Deals - Best Rates and Deals
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Old 08-31-2008, 09:22 AM   #6
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CD Thread, Post The Best Rates You Can Find Here!
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Old 08-31-2008, 10:04 AM   #7
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Columbia House and BMG are the first that jumped to my mind this morning:
Phone Number for BMG Music Service and Columbia House and Complaints
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Old 08-31-2008, 01:50 PM   #8
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I'm getting ready to use Everbank. They seem to have great rates right now and have the CDARs feature that allows FDIC insurance up to $50million.
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Old 08-31-2008, 02:03 PM   #9
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I go between schwab and fidelity, think all the offerings are FDIC
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Old 08-31-2008, 11:46 PM   #10
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Only 3.5 stars on bauerfinancial.com for Everbank.

They have high intro 3-month rates for MM and checking?

So if you do the CDARS thing, would the rates be lower than the regular CD rates?

And would they automatically place all of your deposits at other CDARS institutions at the rate they advertise?
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Old 09-01-2008, 12:00 AM   #11
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They have a great rate. Depending on business or personal. I think its like 3.25%. It's on their site.
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Old 09-01-2008, 09:41 AM   #12
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What about deferred money? Are folks actually transferring IRA money from institution to institution following the best CD rates? Or, for deferred money is it more common to just stay with someone like Fidelity or Schwab where you can buy brokered CD's offered by many institutions?
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Old 09-01-2008, 02:28 PM   #13
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I have 3 CD's at ING, as well as some other accounts there. The rates just went up on 8-26, to 4.0% APY for 12-48 month CD's, and 4.25% APY for 60 month, all with no minimum required to open.
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Old 09-01-2008, 04:51 PM   #14
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What about deferred money? Are folks actually transferring IRA money from institution to institution following the best CD rates? Or, for deferred money is it more common to just stay with someone like Fidelity or Schwab where you can buy brokered CD's offered by many institutions?

That's why I stay with them to avoid all the paperwork and moving money.
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Old 09-03-2008, 01:55 AM   #15
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Thanks everyone

I have been taking a closer look at schwab. I found out that my CD with fidelity that the interest just goes into the core account which paid like .79% and the most I could get it to earn is if I switched to one that paid 1.69% ....I would rather have it put into the select money market. So vanguard wins on that one since interest goes right into prime money market.

Cutefuzzybunny I wanted to say thanks for a post you made a while back on prepaid cell phones...it was right on and helped me out a lot!

Jim
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Old 09-03-2008, 08:36 AM   #16
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Is this a good time to lock into CDs?

It seems rates are creeping up a bit.

Of course, there are some predictions of the Fed raising rates after the election.

But with the decline in the prices of oil and other commodities, Fed may continue to focus more on growth than price stability.
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Old 09-03-2008, 08:40 AM   #17
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Now is not the time to be buying CD's based purely on yield. Instead you should be checking out the ratings on the banks. To get a quarter point higher yield is not worth the grief you may end up going through if the bank goes belly up. JMO
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Old 09-03-2008, 09:37 AM   #18
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Is this a good time to lock into CDs?

It seems rates are creeping up a bit.

Of course, there are some predictions of the Fed raising rates after the election.

But with the decline in the prices of oil and other commodities, Fed may continue to focus more on growth than price stability.
I would only go out 18 months or less on CD's right now.
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Old 09-03-2008, 09:46 AM   #19
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Hmm, I was thinking less than one year and maybe even some high savings accounts while waiting to see what happens after the election and the first quarter/half of next year.
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Old 09-03-2008, 09:47 AM   #20
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Sounds good.
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