Comments on: Zions Direct Certificate of Deposit Auctions

By: WB

WB — Mon, 10 Mar 2008 15:23:11 +0000

Even if the rates are not the best compared to other savings accounts right now, I checked some of their historical auctions and there were some very good rates. With the Fed cutting rates hand over fist right now, I am not sure anyone has great rates, but Zions Direct does offer other products through their auctions.
I also saw that they have some great rates on short term CDs like 1 and 2 month terms that Bankaholic and Bankrate advertisers can’t match. Highest listed on Bankrate for 1 month was 3.00 and Zions Direct recent auction went for 3.20%.

By: Gentry Johnson

Gentry Johnson — Fri, 07 Mar 2008 18:08:40 +0000

It looks like the new Moody rating still makes them investment grade, unless I am mistaken (http://www.snl.com/irweblinkx/creditratings.aspx?iid=100501).

By: o.t.

o.t. — Thu, 06 Mar 2008 19:45:39 +0000

why would anyone want to buy CDs on this site? You can get better rates with an Etrade savings account!

By: Ken

Ken — Thu, 06 Mar 2008 16:48:15 +0000

Please note, they were recently downgraded in some form of rating by a major ratings agency… do your due dilligence before investing in a non-investment grade bank.

By: Bankaholic.com

Bankaholic.com — Thu, 06 Mar 2008 03:55:32 +0000

The CD rates for the auctions depend on what’s available. FYI, you can also buy Zions Direct CD accounts off eBay, which is pretty interesting.

By: alhena software

alhena software — Wed, 05 Mar 2008 23:31:17 +0000

that’s cool, I’ll try it out

By: o.t.

o.t. — Wed, 05 Mar 2008 20:54:49 +0000

I went on their website and it looks like there’s only about 1 CD auctioned off per day (please correct me if I’m wrong), and the final bid is generally well under 4%. I get over 4% right now with my Etrade savings account. Is this really such a great deal?