Comments on: Dime Direct 5.00% 6-Month CD Rate

By: Vicky

Vicky — Sun, 16 Nov 2008 18:37:40 +0000

It has a catch. Read the fine lines. You are qualify if you open an interest earned checking account,the rates are depend on the high balances….. if the balance is 5,000.00 of less interest rate is .5% plus a monthly fee will apply.Therefore you need to keep at least 5K to avoid the monthly charge ( about 5.00/mth) and get WHAT ? .5% interest on YOUR 5K. No thanks, I rather keep my 5K somewhere else for better APR

By: frank corn

frank corn — Fri, 24 Oct 2008 19:09:51 +0000

Looking for 6 month cd highest ratr out there must be FDIC insured.Any one know about WAMU 4% on line savings acct. Is it FDIC insured?

By: Bob

Bob — Wed, 15 Oct 2008 01:59:16 +0000

How about insured 6.10% on a free checking up to 25K with only conditions 10 transactions with debit card, and one transfer into account monthly. Also includes free atm withdrawals but they don’t count toward 10 debits.
https://www.checkingfinder.com/

By: Mary

Mary — Fri, 10 Oct 2008 17:52:08 +0000

Do any of you think it is a good time to buy into stock index fund now. Also, where can I find the 4% esavings? Citi is paying less than 2% right now.

By: mrbill

mrbill — Thu, 09 Oct 2008 08:56:01 +0000

Rates are going down,Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson are both idiots.
us government=fail

By: Keith

Keith — Tue, 07 Oct 2008 14:51:44 +0000

AAA 5 year CD rate of 5.28% APY
http://www.aaasouth.com/newsletter/1008/feat_financial.asp
For AAA South members

By: Michael

Michael — Fri, 03 Oct 2008 12:08:24 +0000

Too many restrictions to get the rate. Better off shopping around, keeping liquid and waiting as rates are going up.

By: Dominique

Dominique — Thu, 25 Sep 2008 18:03:47 +0000

well I keep doing the math on these things….if you are not someone who is disciplined than maybe you want a cd but the esavings is the best option out there–for me at least when you calculate the rate (generally speak)–if you were to put a min of 5k at 5% you are looking at $250 return –to have your money looked for 6 mos versus $200 at 4% with the same 5k min–where you can move your money anytime you want without penalties..correct me if I am wrong I would love to know–I read something about T-bills and it sounds interesting would love to more ..but esavings just as good if not better than CDs in my book

By: Lena

Lena — Thu, 25 Sep 2008 05:03:31 +0000

Dime Bank is in Williamsburg: Brooklyn, NY 11211

By: Bill

Bill — Wed, 24 Sep 2008 16:17:24 +0000

Agreed, as long as your princicpal + interest does not exceed FDIC limits your inerest is insured. Up to the date of bankruptcy. I had an IndyMac CD and I received my interest.

By: Tinda

Tinda — Tue, 23 Sep 2008 18:50:17 +0000

As long as your total inverstment (including intrest) is less than FDIC insured limits, your principial + interest (up-to the day of bankrupicy) is covered by FDIC.

By: Kevin

Kevin — Tue, 23 Sep 2008 18:25:04 +0000

That’s a good question Brian and I would also like to know the answer. Obviously, the principal is FDIC insured but what happens to your interest?

By: Brian

Brian — Tue, 23 Sep 2008 16:47:32 +0000

Yeah but if they are bought out by somebody or go bankrupt do you still get your 5% interest on the CD??

By: Tinda

Tinda — Tue, 23 Sep 2008 16:20:14 +0000

WAMU is offering 5% for 12-13 months CD again. Also WAMU is offering 4% online saving account. The only catch is that to qualify for 4% one must also open checking account. 4% online is highest I have seen in a long time.

By: W. Chen

W. Chen — Mon, 22 Sep 2008 23:52:15 +0000

I think it was an old website, some thread posted early 2006:
http://www.fatwallet.com/forums/finance/320690?start=820
however, that website still exists.
https://www.dimedirect.com/promotions/offer3.asp?id=8232008945248