Does any know of a good bank or investment with high percentage rate where I could open up a cd?

Question

My bank Washington Mutual only has a cd rate of 3.5% which sucks, which one do you guys recommend

Answer 1

You should try prosper.com. But only invest in loans with a credit rating of C or better and a DIT of less than 20%. I have had tremendous success with Prosper. Most of the loans I've funded have at least a 10% - 18% return. A lot better than any CD and safer than the stock market! Good Luck!

Check out this article from the NY Times.
http://www.nytimes.com/2006/02/13/technology/13ecom.html?ex=1297486800&en=a0ac72b7453152ab&ei=5090

Answer 2

Why CD? Saving and even checking accounts are paying lot higher than 3.5%. Even Washington mutual's checking is paying 5%APY. So does citibank. Also etrade pays 5.05%APY. Unlike CDs, savings, checkings, and money market accounts allow you to withdraw your money anytime you want.

Beaware ING direct pays only 4.5% in checking, but its saving accont requires over minimum balance of $50,000 to get 5%, and if balance drops below $50,000 the rate falls to 3.5%. I wouldn't recommend ING direct.

Answer 3

Some folks recommended ING accounts, including a savings account that offers 4.5% return. They also offer mutual funds.
CD rates
Term APY Interest Rate Effective Date
6 Month 5.00% 4.9385% 7/01/06
9 Month 5.05% 5.0185% 8/5/06
12 Month 5.10% 5.10% 9/23/06
18 Month 5.00% 5.00% 9/23/06
24 Month 4.75% 4.75% 12/13/06
30 Month 4.75% 4.75% 12/13/06
36 Month 4.75% 4.75% 12/13/06
48 Month 4.75% 4.75% 12/13/06
60 Month 4.75% 4.75% 12/13/06

Answer 4

Go to www.bankrate.com web site. Click up cd rates for the time frame you want. They show the best rates in the nation and also rate the banks for safety.

Answer 5

If you go to any bank the rate of interest will not be more than 4 %. So it is waste of money putting in bank. I would recommend you to do Forex trading as it will give you fast returns

All the best,


http://money-review-site.com/investment.html