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

xyannix · Mar 18, 2007

I have been with Emigrant for a couple years now, they are good.

They even sent me two emigrant direct, baseball hats, can't beat that :-)

HSBC, is a little better because they give you an ATM card with the account.

ByLoSellHi · Mar 18, 2007

So if you get 6% at HSBC versus losing, say, 8% in stock value, does that equal a real rate of return of 14%?

traderdon56 · Mar 18, 2007

There is a local CU that offers a 6% checking account.

What makes you think 5.2% is too high? It's right in line with many other banks.

seasideheights · Mar 18, 2007

Quote from traderdon56:

There is a local CU that offers a 6% checking account.

What makes you think 5.2% is too high? It's right in line with many other banks.

The line with other banks is around 5% at best. I'm looking for cd's that expire in December for 5.20%+. Do you have any links? I checked a few brokerages & they don't offer anything that high in their cd selections either.

http://www.bankrate.com/brm/rate/deposits_home.asp

traderdon56 · Mar 18, 2007

Quote from seasideheights:

The line with other banks is around 5% at best. I'm looking for cd's that expire in December for 5.20%+. Do you have any links? I checked a few brokerages & they don't offer anything that high in their cd selections either.

http://www.bankrate.com/brm/rate/deposits_home.asp

Try this link to the FW Finance Forum. Second link down should be the CD thread. Lot's of good info on FW.

BTW, what's the big attraction to a CD? You can make close to/the same from more liquid investments.

http://www.fatwallet.com/c/52/

In case you want to see that 6% checking account, here's the link.

https://www.twinstarcu.com/specials/accelerator.php

o10maximus · Mar 18, 2007

Any US citizens currently investing in foreign CD's? If yes can you provide a link.

seasideheights · Mar 18, 2007

Quote from traderdon56:

BTW, what's the big attraction to a CD? You can make close to/the same from more liquid investments.

I'm looking for guaranteed 5.2%+ interest on some cash thru the end of the year. I'm up for other ideas, but 100% security on my principal is a must.

Surdo · Mar 18, 2007

6 month T Bills pay 5.13% if you are not going to touch the money.

traderdon56 · Mar 18, 2007

Quote from seasideheights:

I'm looking for guaranteed 5.2%+ interest on some cash thru the end of the year. I'm up for other ideas, but 100% security on my principal is a must.

Well, you do know that any type of savings account is covered by FDIC, right? That includes checking accounts, Money Market accounts as well as CDs.

nkhoi · Mar 18, 2007

CD 180 Day 5.05%
http://www.millenniumbank.com/rate_card.shtml