C is in trouble

bond tr4der · Oct 30, 2008

C is now advertising heavily for 4.00% CDs.

IndyMac and WM both offered high CD rates before they kicked the bucket...

Daal · Oct 30, 2008

Treasury will go bankrupt before C goes

nazzdack · Oct 30, 2008

Quote from bond tr4der:

C is now advertising heavily for 4.00% CDs.

Read the "fine print". Those CD's only pay interest. You don't ever get your principal back.

Darkhand · Oct 30, 2008

Quote from nazzdack:

Read the "fine print". Those CD's only pay interest. You don't ever get your principal back.

Are you serious? I was thinking about loading up a CD account, glad I didn't.

abducens · Oct 30, 2008

local banks all have 3.75 to 4.0 for 6 to 12 months

operator · Oct 30, 2008

Quote from bond tr4der:

C is now advertising heavily for 4.00% CDs.

IndyMac and WM both offered high CD rates before they kicked the bucket...

BofA is offering 4% for new money. They all are doing it to attract deposits. But I do agree C is in trouble.

mister_doodi · Oct 30, 2008

Capital one is offering 7 year 5.5

stock777 · Oct 31, 2008

I locked in WAMU's 5% for 13 months for a nice sum before AND after JP morgan took them

Tech Analysis · Oct 31, 2008

Quote from stock777:

I locked in WAMU's 5% for 13 months for a nice sum before AND after JP morgan took them

Same here. Then about a week later they dropped to 3%

Can JPM change the terms on us mid-term? I read somewhere that bank takeovers can change CD terms, but I'm not so sure.

KeithOmalley · Oct 31, 2008

Quote from bond tr4der:

C is now advertising heavily for 4.00% CDs.

IndyMac and WM both offered high CD rates before they kicked the bucket...

valley national one of the strong banks is offering 4.5%.

give it a rest i think citi is ok

A)FDIC gave them Wachovia. So the FDIC thinks they are ok to aspob the 50 billion in losses that may happen.

B) GS begged C to buy them in september

I think they are fine