5.20% CD terms 6mo to 10 years. too good to be true?

Emigrant Bank markets itself as a low-cost bank. They pass those cost savings back to customers in the form of higher rates on CD's, savings accounts and checking accounts.
 
5.2% is ok, but I wouldn't want to leave it there 10 yrs to mature.

Various money markets are paying 5-5.5% and completely liquid.
Unfortuately HSBC is only good thru 4/30/07.

Though I wouldn't do it, Ford Motor credit offers 5.9 - 6%+ but it isn't FDIC backed.
 
Quote from ByLoSellHi:

HSBC online is paying 6% in a MONEY MARKET account right now.

Completely liquid.
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That promo rate is good until April 30, 2007. It then reverts to 5.05%.

Still not a bad rate.
 
Stick 10k in a Sun Trust account for 3 months, make 2.25% on the money plus a free round trip plane ticket. Assuming the flt would cost you $200, not a bad return.
 
Quote from o10maximus:

5.2% is ok, but I wouldn't want to leave it there 10 yrs to mature.

Various money markets are paying 5-5.5% and completely liquid.
Unfortuately HSBC is only good thru 4/30/07.

Though I wouldn't do it, Ford Motor credit offers 5.9 - 6%+ but it isn't FDIC backed.
More...

It depends on your age and finance. A 60 year old couple with cash might be very happy getting 5.2% without risk or change for up to 10 years.
 
I am getting my 5.75% from my credit union so I can see how Immigrant does it. I have a good chunk there in their regular savings getting 5.05%.
 
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