2006-09-20 01:30:07 · 3 answers · asked by subteague 1 in Business & Finance ➔ Investing
If you're going to be investing a large amount (50,000 to 100,000 plus+++) I would definetly recommend contacting http://www.jumbocdinvestments.com/index.htm They have a rate page listing their top CD rates, now they aren't the actual banks themselves, they just provide you the service of finding the best rates and helping set up your cd at the bank you decide. Right now they show that their best rate is a 61 month rate at 6.00% (apy). Go to their site for a complete list of rates if you'd like! :)
2006-09-20 16:05:01 · answer #1 · answered by Shanny 3 · 0⤊ 0⤋
Most daily newspapers list money market rates on the financial pages, at least once a week. The safety of money markets is pretty much the same: no guarantee on principal and no guarantee on interest rates.
With CD's the interest rate is guaranteed for the length of the CD, and most banks in the US are insured by the FDIC, so the principal is always safe.
CD rates are also published in daily newspapers. Or, do a Yahoo! search under "Certificates of Deposit" and you will get more hits than you care to look at.
2006-09-20 01:36:59 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
Everyone wants the best but safest yeilds. Remember the adage that there is no such thing as a free lunch. There are other instruments to consider when thinking of yeilds and safety. The yeilds go up and so do the risks!!!
2006-09-20 01:37:28 · answer #3 · answered by Tom Cat 4 · 0⤊ 0⤋