Comments on: CD Interest Rates Contiue to Soar

By: Benji

Benji — Tue, 30 Sep 2008 00:00:06 +0000

Hey Eric…
Be careful about an 18% CD offer abroad. There’s a reason why it’s only offered abroad!

By: Benji

Benji — Mon, 29 Sep 2008 23:37:36 +0000

I’ve been investing in CD’s for over 2 decades… And the keys to success are timing (when the going rate is just right) and letting the interest rollover/compound in the account. I’m at the point now where the monthly interest accrued “PAYS’ for my monthly mortgage statement.

By: Eric Pierson

Eric Pierson — Sat, 06 Sep 2008 12:25:22 +0000

Just received an offer at 18 percent net for a high interest cd abroad. Can anyone advice me on this? Is it safe?

By: Tom

Tom — Tue, 19 Aug 2008 22:44:01 +0000

Could anyone tell me what WO-HO is?

By: Noel

Noel — Mon, 18 Aug 2008 16:17:38 +0000

Here’s an interesting page to showing the history of CD rates over the last 15 years – http://www.jumbocdinvestments.com/historicalcdrates.htm

By: rich

rich — Thu, 14 Aug 2008 00:03:57 +0000

depositing under the 100k FDIC insured limit is only safe as long as the FDIC is not overwhelmed by too many banks tanking…

By: J. Wu

J. Wu — Wed, 13 Aug 2008 06:38:06 +0000

Yes

By: C.K. Wong

C.K. Wong — Thu, 07 Aug 2008 23:57:16 +0000

The only reason they are offering high rates is not because the economy is doing better, it is because the bank needs new funds to cover loan’s losses.

By: Concerned American

Concerned American — Thu, 07 Aug 2008 06:01:19 +0000

Interesting dan……

By: Dan Tanner

Dan Tanner — Wed, 06 Aug 2008 04:47:25 +0000

Washington Mutual has declared a war.

Its giving 4% money market rates for in- branch only. My branch offered me that rate today and I will take it. I am making sure I have FDIC’s full protection in case anyone goes under.

But WO-HO is taking the lead nationwide. Always go into a branch and ask them. They DO NOT advertise them on the website!

By: patm

patm — Sat, 02 Aug 2008 20:51:28 +0000

I have been laddering CDs for many years. In my opinion, the wisest approach is to place a portion of your money in the longer term CDs and the rest in shorter maturities or a money market fund if the rate looks good. If you set up a “ladder” where CDs are maturing every 3 months or so, you’ll always have some money available to take advantage of the changing rate environment.
It’s basically the same strategy as dollar cost averaging into mutual funds. Trying to predict where rates are going is similar to trying to play the market.

By: Michael

Michael — Fri, 01 Aug 2008 23:30:36 +0000

I agree that the increasingly high CD rates are awesome but they’re also dangerous. Is it wise to tie up your money in a 7 year 5.4% CD when next year we could be up into 7% rates? Just because a rate is good in this low rate environment doesn’t mean that you should panic and choose the best of the worst.