Corus Bank Update (10/11) 12 months 4.48% APY

[MJ]

12 months 4.48% APY
6 months 4.24% APY

Squeeze a little more interest out of your short term money.

http://www.corusbank.com/

 

[dex]

The fed will continue raising rates. Don't lock in yet. Wait until January at least.

 

[pbrane]

for what it's worth, a local credit union in WI is offering 4.75% for 12 mo CD. The catch is that you have to have an active checking acct. with them..

-m


http://www.communityfirstcu.org/rateboard/cfcudepositrates2.html

 

[Mr._johngalt]

for what it's worth, a local credit union in WI is offering 4.75% for 12 mo CD. The catch is that you have to have an active checking acct. with them..

-m


http://www.communityfirstcu.org/rateboard/cfcudepositrates2.html

My local credit union was offering 7% APR for 70 days. You also needed an active account, but not rely a big deal. I think you could open for a buck. Anyway, I passed on it because of no FDIC insurance.

JG

 

[MJ]

My local credit union was offering 7% APR for 70 days. You also needed an active account, but not rely a big deal. I think you could open for a buck. Anyway, I passed on it because of no FDIC insurance.

JG

If they are a CU, they are insurance by NCUA upto $100k which is the equavelent of FDIC for CUs.

 

[Mr._johngalt]

If they are a CU, they are insurance by NCUA upto $100k which is the equavelent of FDIC for CUs.

Yeah, but it ain't the US government. This is money I absolutely can't afford to lose.

JG

 

[brewer12345]

Yeah, but it ain't the US government.  This is money I absolutely can't afford to lose.

JG

JG, I assume this is credit card spread lending money, right? Just curious: does the change in the BK law reduce your enthusiasm for that game at all? I definately have a smaller appetite for debt, especially unsecured debt, given the changes in the law.

 

[MJ]

Yeah, but it ain't the US government. This is money I absolutely can't afford to lose.

JG

FDIC and NCUA are both independent federal agencies so based on your statement, I guess FDIC ain't the US government either. I hope you're keeping all that CC borrowed money under your mattress where it is 100% safe except from thieves. It can still collect 100% dust there.

http://ncua.gov/index.html
http://www.fdic.gov/index.html

 

[template]

If they are a CU, they are insurance by NCUA upto $100k which is the equavelent of FDIC for CUs.

Only some credit unions are insured by the NCUA. Others claim to have private insurance, e.g., ASI (American Share Insurance).

 

[MJ]

Only some credit unions are insured by the NCUA. Others claim to have private insurance, e.g., ASI (American Share Insurance).

I should have said, since it's a CU, it is "probably" insured by NCUA.
Same applies to banks, as not all are insured by FDIC.