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CD rates
Old 06-29-2004, 03:38 PM   #1
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CD rates

I have a Cd maturing July 1. Was getting 7.1% The best I can find is MBNA America at 4.55% Does anyone know of any better rate for a 60 month CD? :
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Re: CD rates
Old 06-29-2004, 04:42 PM   #2
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Re: CD rates

There are probably sharper knves in the draweer than me, but I would probably wait a few months and see how things look before locking up things for five years or longer in CD's. ING is offering 4.4% for five years and 4.0 for four year right now.
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Re: CD rates
Old 06-29-2004, 05:51 PM   #3
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Re: CD rates

Take a hard look at I-bonds. They currently pay
1% plus inflation which is currently about 3%.

Cheers,

Charlie
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Re: CD rates
Old 06-29-2004, 07:11 PM   #4
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Re: CD rates

I-bonds are actually paying 3.39 considering both the interest and inflation factors. *I'm figuring that even with the 3 month penalty after the 12 months minimum investment time they are a great short term place to have some money. *I guess the inflation portion could adjust either way over the longer term, but you don't have to hold them for the full 5 year maturity if you're willing to factor in the early cash-in penalty. Plus the tax deferal benefits. *Considering the maximum investment limits, I think they are a good place to have some returns that compete with 2 or 3 year CD's.
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Re: CD rates
Old 06-29-2004, 08:43 PM   #5
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Re: CD rates

Roger_R is correct in pointing out that the current
I-Bond rate is 3.39%. That figure is based on a
semi-annual inflation rate of 1.19%. The May
CPI annualized rate was 3.1%, so we could
expect to see a higher I-bond rate than 3.9%
after Nov 1 when the rates are adjusted. I don't
think it is very likely that the inflation rate is going
down soon, but what do I know?

Cheers,

Charlie

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