CD Interest Rates Continue to Fall

A 53 word post? What is this? The Editorial quality of Bankaholic is gone down the drain recently. I will not be surprised if you type a heading and surround it with Google AdSense and Affiliate links and trick users into clicking them. This is getting bad.

On top of that no links provided to users who happen to mill around your water cooler for a drink.

Hey, the guy is rich now, he is having fun. Time for Bankrate to hire some writers, it is their site now.

Easy to say from a guy who has 12 million dollars now. If I was your advisor I would say just put it in several banks and spend some of it on fun things. Heck, if you want to lose a little blow it in Vegas. Losing in Vegas with hot women, free drinks, and great shows sure beats losing it to ugly bald guys in pin stripe suits.

Everything is dropping. Give us something we don’t know yet =)

I’ve been keeping a careful eye on 1-yr interest rates and have been disappointed everywhere. “Best in country! 3.5% for 1yr!”
Uh… no.

I’ll stick to my variable savings.
…Which also keeps dropping

Note: Last I saw, cnbc had gold up 40 today. Its a rollercoaster not worth riding for my than a few hours I guess.

I think that if you want higher interest rates, you might have to stretch out your maturities.. Anyways with interest rates dropping i think that now is the time to lock in fixed rates.. The issue of course is that inflation could come back in 3 months ..

Seek and ye shall find.( If you can handle listening to perhaps a 20 minute sales spiel on annuities or whatever.) Here in DFW area you can find brokerage companies offering great FDIC insured CDs. I just got a 3-month paying 6.5. Minimum: 10K.

I think the only asset class left to INVEST in America -is pump up your back links, buy,borrow, beg steal them. Get some traffic geyser to rush in mindless imbeciles to your blog and wave outside with a neon sign come and buy my blog for $12 million. I think that’s the only game left in town. Shoe strings to millions in 2 years no need if you have any real experience, or not, and if your blog starts looking like re-runs of Jerry Springer show.

People are jealous. But why should they? Bankaholic is a nice site related to bank deals, bonuses, cd rates and checking/savings accounts. What else do you want?

Bankvibe,

I ladder my emergency fund and other short-term savings that I know I will spend over the next 5 years ( example: college for a certain someone). I do own stocks and funds/etfs in tax deferred and taxable acocunts..

Yes and you do come and post with different aliases to give us a feel that several voices are appreciating our response, when in fact its only one man. This is an old trick in the blog o sphere.

The original post lacks content. The frequency of posts is once or twice a week. Very few for a $12 million dollar baby..

I thought you were never coming back?

I am not Johns Wu. I am actually his competitor ( sort of), but I am really liking his professional way of answering personal attacks. That’s the dark side of having a blog – people always attack bloggers, since they ( people) are always hiding behind an alias. I am always amazed how people complain about “free content”. What would you expect when you get something for free? Now I am not saying that his commentary is not very good.
But hiding under an alias and bashing at other people’s work without giving any alternatives for better articles looks immature to me

WM known as JPM’s adopted child is offering some sweet pot annuities for short periods running 5%-6.5%. These act like CD accounts you ladder them properly. Now they do not have a Mickey Mouse clad high school kid standing outside on the curb to advertise these, you need to go there and ask for them.

As far asking Bankaholics for answers you might as well address the question to a standing tree- you may get a better answer

Yeah why you gotta be hatin?

Bankaholic is not what it use to be. Something has gravely changed. Back links was stopped. Posts were not approved. Posters banned. If that was not enough the JOHN WU handling of comments was rather poor. This all lead to the breakdown and its over the top. I just come here hoping to find something good but its getting harder and harder.

Bloggers are human….envy for one’s success is always amusing. So the publishers of Bankaholic won the lottery….great! Deal with it!
The only way out of this financial mess…is to tie bailout funds to lenders with the caviat that every subprime loan be converted to a fixed rate for the duration of each or adjust to a shorter period agreeable to the property owner and the lending institution. Say 3% to 3 1/2% fixed for 5-10 or 15 years. Interest only or more payments….gives the homeowner breathing room while giving the banking industry stability and stock holders a reason not to commit suicide. There will be homeowners that lied on their apps, and mortgage reps that created this mess…give the banks back their property..those homes will sell..as they say in the car biz…”there is an ass for every seat!” Wall Street investors bought those loan packages at bargain rates, their cash on cash return would still be reasonable and investment stocks will rebound. The old story about folks that deserve pain because they opted to get these loans is bogus, now that everyone is sharing the pain. Anyone that has a loan, income, residential or industrial, should get a 5 to 15 year option to renegotiate to the lowest possible rate, fix it for a short term then get the opportunity to renegotiate without penalty for a new fixed rate loan. A loan the property owner can afford to make monthly without going “bonkers!” Let’s get this country back on track and stop trying to get votes by offering loans to folks that cannot afford them.

I am looking for a safe lump sum investment. Protecting the principal is my goal while making some modest interest returns…any advise