Investment CD rates
2007-03-05 04:45:12 · 4 answers · asked by jedi question 1 in Business & Finance ➔ Investing
What term CD? Ing has 5.10% 12 month CDs
2007-03-05 05:01:03 · answer #1 · answered by BosCFA 5 · 0⤊ 1⤋
NO CD is outperforming the best money market funds and savings accounts. Vanguard Prime Money market fund is paying over 5% right now, and I'm sure some of their rivals are as well. And ING direct, Emigrant direct (online savings accounts) are paying close to that. The highest CD rate last time I checked was right below 4%. Plus you have to tie up your money for 3 years. Bad choice.
Check bankrate.com for the latest rate info on each of these asset classes.
2007-03-05 12:56:33 · answer #2 · answered by lizzgeorge 4 · 0⤊ 0⤋
CDs have not been very hot for a while... in fact they are pitiful. Many straight savings accounts are better especially if you already have a checking account with a bank.
I recently got into Etrade to make another example. A straight savings account is 6.5% and you can instantly shift moving to your regular bank account.
2007-03-05 18:47:22 · answer #3 · answered by jackson 7 · 0⤊ 0⤋
Washington Mutual is offering 5.20% for 8 months. I went to Etrade and I didn't see any " straight savings account" for 6.5 % !!!
Washington Mutual also has an online CD yielding 5.40%.
2007-03-05 17:08:54 · answer #4 · answered by Geeeyaaa 4 · 0⤊ 0⤋