Comments on: UmbrellaBank 2.90% 18-month CD http://www.bankaholic.com/umbrellabank-290-18-month-cd/ Compare the Best CD (Certificate of Deposit) Rates, Highest Money Market Rates, Best Savings Accounts, Bank Deals, Interest Rates and Bank Reviews! Sat, 20 Mar 2010 17:23:31 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: BankVibe http://www.bankaholic.com/umbrellabank-290-18-month-cd/comment-page-1/#comment-161326 BankVibe Sun, 22 Mar 2009 21:12:19 +0000 http://www.bankaholic.com/?p=1364#comment-161326 This is a solid deal for an 18 month CD (currently), but I still have to respectfully disagree with your overall assessment and would opt for a 4 - 5% apy interest checking account rather than any 18 month cd yielding less than 3 percent. Here is why... In almost all instances I would agree and stay with CD's but we are in a financially unique time as bank consumers and, in general CD rates are, A) barely squeaking by the rate of inflation, and B) really have nowhere to go but up from here (I know this saying is a financial fopa, but I believe it applies in this unique case) The likelihood that you will find CDs yielding higher rates than this offer within the next 18 months is, in my opinion, very high. Sure your interest checking rates will go down, but in the mean time why not invest in them while the gettin' is good then swap them out for CD's once their rates have caught up? This is a solid deal for an 18 month CD (currently), but I still have to respectfully disagree with your overall assessment and would opt for a 4 – 5% apy interest checking account rather than any 18 month cd yielding less than 3 percent.

Here is why…

In almost all instances I would agree and stay with CD’s but we are in a financially unique time as bank consumers and, in general CD rates are,

A) barely squeaking by the rate of inflation, and

B) really have nowhere to go but up from here (I know this saying is a financial fopa, but I believe it applies in this unique case)

The likelihood that you will find CDs yielding higher rates than this offer within the next 18 months is, in my opinion, very high.

Sure your interest checking rates will go down, but in the mean time why not invest in them while the gettin’ is good then swap them out for CD’s once their rates have caught up?

]]> By: BloggingBanks http://www.bankaholic.com/umbrellabank-290-18-month-cd/comment-page-1/#comment-161322 BloggingBanks Sun, 22 Mar 2009 20:23:42 +0000 http://www.bankaholic.com/?p=1364#comment-161322 Nice deal.. Interest rates are going tostay low for a while. So why not park your cash in longer term maturities for more yield. Nice deal.. Interest rates are going tostay low for a while. So why not park your cash in longer term maturities for more yield.

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