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Pretty good CD rates
Old 06-16-2005, 07:02 PM   #1
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Pretty good CD rates

I've liquated my bond funds into my MM to search for a good bank offering decent CD rates for short terms (not 6-10 years!).*

Balances from
$10,000.00 - $99,999.99
TERM * * * * * Yield * * Rate
3 months * 3.01% * *2.98%
6 months 3.88% * *3.85%
1 year * ** 4.11%* * 4.05%
18 months 3.39% * *3.35%
2 years * * 3.70% * *3.65%
30 months 3.70% * *3.65%
3 years * ** 3.75%* *** 3.70%
4 years * ** 3.90% * *3.85%
5 years * ** 4.06%* *** 4.00%


Looks like it's FDIC protected, but have never really heard of that bank.* Have you guys heard of them?* Thanks.


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Re: Pretty good CD rates
Old 06-16-2005, 07:04 PM   #2
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Re: Pretty good CD rates

Forgot the links.

Corus Bank

http://www.corusbank.com/




Link to find best CD rates.

http://www.money-rates.com/cdrates.htm


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Re: Pretty good CD rates
Old 06-16-2005, 08:13 PM   #3
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Re: Pretty good CD rates

Yeah theres a few threads around here. Search for Corus. Havent heard a lot of long term usage stories though.
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Re: Pretty good CD rates
Old 06-16-2005, 11:48 PM   #4
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Re: Pretty good CD rates

Quote:
Originally Posted by charlottebandito

Looks like it's FDIC protected, but have never really heard of that bank. Have you guys heard of them? Thanks.
I have several short term CDs with them. I putting an additional sum into their 6 months CDs in July so the interest earned will be in 2006 when I'll be in 10% tax bracket.
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Re: Pretty good CD rates
Old 06-17-2005, 08:56 AM   #5
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Re: Pretty good CD rates

Here's another one - also FDIC insured:

http://www.worldsavings.com/servlet/...ate-sheet.html.

I've never bought any of their CDs however so I can't vouch for the bank.
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Re: Pretty good CD rates
Old 06-17-2005, 11:08 AM   #6
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Re: Pretty good CD rates

Can't beat these rates, but the bank is NOT FDIC insured, so invest at your own risk.

http://www.mlnbank.com/prem_cds.html
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Re: Pretty good CD rates
Old 06-17-2005, 12:46 PM   #7
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Re: Pretty good CD rates

So can one draw the conclusion from these persistently weak long term cd rates that most banks/cd issuers/bond issuers believe that rates will be falling after a year or two?

I cant find anything longer than 2-3 years that pays well, and we've already got an inverted rate curve in cd's, with bonds looking like they'll flip any day now.

If theres a belief that rates will be falling, then isnt the expectation also that inflation will be a non-factor and the economy will be cooling/slowing?

Could be pretty important for folks who are piling into inflation protected securities or planning long term rate arbitrage between a loan and a cash investment.
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Re: Pretty good CD rates
Old 06-24-2005, 10:11 PM   #8
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Re: Pretty good CD rates

Corus has a pretty good reputation, and these are very good rates. You might want to check out www.bestcash cow.com. It is site I recently happened across which has rates on CD, weekly resets, bonds, online bank accounts, etc. and some advice as to the benefits of each.
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Re: Pretty good CD rates
Old 06-26-2005, 10:10 AM   #9
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Re: Pretty good CD rates

First Penn Bank has a 4.25% 14 month Freedom CD. It can be transfered to a higher rate without penalty during the term.

http://www.firstpennbank.com/
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Re: Pretty good CD rates
Old 06-26-2005, 10:47 AM   #10
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Re: Pretty good CD rates

World savings bank Internet 7 month CD.* *4.16%

http://www.worldsavings.com/servlet/...P=EmChPrdg1947
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