IBWino
Recycles dryer sheets
- Joined
- May 12, 2006
- Messages
- 465
Current CD rates are abysmal in our area with everyone offering rates in the 2.3% to 2.6% range. The one exception is Wachovia, which is offering rates ranging from 4.25% for 12 months to 5% for 36 months. I was about to send my wife there to open a $100K CD, but after today’s financials release, I'm not sure.
I haven't seen any comments implying imminent failure, but the there's some concern that they may have to put themselves up for sale.
Any opinions? Do these higher rates really reflect high risk?
I haven't seen any comments implying imminent failure, but the there's some concern that they may have to put themselves up for sale.
Any opinions? Do these higher rates really reflect high risk?