CD with 6.79% Interest, Your rates

[changedman]

hehe, I just checked my account, totally forgot about a certificate of deposit- I see I have a CD with 6.79% interest that matures in 2004!! too bad theres like squat in it

My savings account is only. 5%


Whats everyone elses rates?

 

[mazdadan]

Damn, where the hell did you get such a good rate from? Here in Maryland, most CDs don't have rates much over 2%. I have one right now that is like 1.29 or something like that.

 

[changedman]

I locked that rate in just before the stock market started its tumble, in 2000. Booked it for 48months

 

[mazdadan]

Good move.....I'd hold on to that for a while

 

[changedman]

now- the bank is supposed to have penalties for early withdraw- I wonder if they would me close it without penalty, seeing as how they are losing tons of $$$

 

[cjstringer]

Try ING Direct for savings. They have 2.3% Money Markert accounts with no minimum balance.
If you're interested, let me know. I can shoot you a link and I might be able to get a couple bucks as a referrer.
Netbank also has about 2.3% yield on their MMAs also.

 

[mazdadan]

They might close you without penalty if you have been a customer for a while. I guess it wouldn't hurt to ask....the worst they tell you is no....hehe

 

[changedman]

anyone know off hand- this is a bankone CD. can i put MORE money into it? or is it locked? (my feeling is its locked)

 

[mazdadan]

Does it say if it is a No-Penalty Add-on CD? Usually if it doesn't say it, the penalize you for adding to it, or taking money from it.

 

[changedman]

On the website that shows it, it doesn't really have any information. I'll have to check about getting one and see the "rules"

 

[alexlitov]

Call them and ask them. Make sure u get the name of the person you talked to just in case they'll screw up, you'll have someone to blame... I have a money market account with almost 3% interest. I got over $600 in interest alone!!!