Comments on: CD Interest Rates Continue to Fall

By: curious

curious — Sun, 21 Dec 2008 15:20:06 +0000

oops..posted too early accidentally…

any advise about off-shore CDs that are tauting 6.5% APY?? They are income tax free. Are there some off-shore banks folks can recommend??

Thanks!

By: curious

curious — Sun, 21 Dec 2008 15:17:52 +0000

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

By: Sal Gore

Sal Gore — Wed, 10 Dec 2008 16:49:31 +0000

“What a great Bush era.”

Hi Rip Van Winkle.

In case you were not taught properly, the US congress makes the laws, not the president. By the way, the congress went under DEMOCRATIC control in 2006, house AND senate.

Now you have woken up and can see how things have gone down the toilet since THE DEMOCRATS TOOK CONTROL OF CONGRESS.

While you were sleeping, we had a great run from 2000 through 2006 under a REPUBLICAN president and congress. Gee, what changed in 2006 again??

Go back to sleep.

By: MikesMunchiesdotcom

MikesMunchiesdotcom — Fri, 05 Dec 2008 16:41:07 +0000

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.

By: nmlhats

nmlhats — Mon, 01 Dec 2008 17:35:08 +0000

“In lieu of” means “instead of”. Perhaps you meant “in light of”??

By: Do you know why?

Do you know why? — Sun, 23 Nov 2008 21:14:34 +0000

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.

By: Philip

Philip — Sun, 23 Nov 2008 08:24:33 +0000

Jealousy! It’s an emotion when a person believes he has been beaten by a rival and when mixed with envy it results in anger, sadness and fear of losing. These people basically acknowledge that they could never accomplish a successful site like bankaholic.com.
Anyways, I think now is the best time to save your money. With the current deflation the value of the dollar is rising so the best CD is under your pillow.

By: Johns Wu

Johns Wu — Sat, 22 Nov 2008 02:22:57 +0000

Yeah why you gotta be hatin?

By: Dan

Dan — Fri, 21 Nov 2008 20:23:14 +0000

Do you know why?, Why are you such a hater? You spend so much time on this site just to talk shit to the owner… you gotta have something better to do…

By: Do you know why?

Do you know why? — Fri, 21 Nov 2008 07:47:46 +0000

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

By: Larry

Larry — Tue, 18 Nov 2008 21:28:50 +0000

I’ll bet that in some major cities one can find a brokerage that can get you a 7% guaranteed 3-mo CD. They subsidize the amount over what a bank is paying in order to get your business and hopefully sell you their other products. Look in Dallas or Fort Worth business sections today and you will see at least one ad advertising a 6.5% CD. It’s a Discover Bank 2.69% CD that the company adds a bonus to, to get the advertised rate.

By: BloggingBanks

BloggingBanks — Tue, 18 Nov 2008 19:23:31 +0000

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

By: Johns Wu

Johns Wu — Tue, 18 Nov 2008 08:44:35 +0000

And BTW,

NO, I dont see any bank running 6.5% CDs…..

With 3mo LIBOR rates at 1.47%, there is no way any bank in America is going to offer 6.5% on a 3mo CD.

By: Johns Wu

Johns Wu — Tue, 18 Nov 2008 08:41:49 +0000

I thought you were never coming back?

By: Larry

Larry — Tue, 18 Nov 2008 04:29:26 +0000

Johns Wu: You can’t find 6.5% CDS -3 mos and 5% 6-12 month CDS when they’re advertised in every major newspaper. ???? You create a web site and can’t tell your readers where to go-SHAME ON YOU!!!!!!!!!!!!!!!!!!!!!!!!!!

By: Do you know why?

Do you know why? — Tue, 18 Nov 2008 02:34:57 +0000

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..

By: Johns Wu

Johns Wu — Mon, 17 Nov 2008 08:45:54 +0000

Thanks

By: BloggingBanks

BloggingBanks — Sun, 16 Nov 2008 18:58:37 +0000

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..

By: Travelinator

Travelinator — Sun, 16 Nov 2008 05:51:10 +0000

Hey Do you know why? I love reading jealous people like you. You are so angry at others success and frustrated why your crappy site does not make money. Go in a dark room and scream real loud. You will feel better tomorrow.

Maybe if you could make a site that was useful someone might want to buy it.

By: Do you know why?

Do you know why? — Sun, 16 Nov 2008 05:11:59 +0000

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.