What is your best interest rate and where for parking cash?

[gangof4]

Quote from 5Pillars:

Right - I saw the CFC mmf/savings - LOL, Ya Right!!!

why not? if you keep it under $100m/300m with a spouse, what's the problem? do you expect the FDIC to collapse?

i just opened a CFC acct because, for my risk-free $, it's the best rate i could find without too much hassle- especially since i no longer view any amount over $100m in WAMU as risk-free...

 

[wareco]

Quote from 5Pillars:

So what is the best interest rate you are getting on any money you have parked in "cash" at this time - 5%, 6% or higher?

- and what instrument are you using with what company?

TIA

Countrywide Bank 4.05 APY for 6 mo.
https://bank.countrywide.com/

IndyMac Bank 4.05 APY for 12 or 18 months. http://www.indymacbank.com/Individu...47512:5wLXuNB6B2YAACLf9tsAAAAH:20080316002245

 

[5Pillars]

Quote from gangof4:

why not? if you keep it under $100m/300m with a spouse, what's the problem? do you expect the FDIC to collapse?

i just opened a CFC acct because, for my risk-free $, it's the best rate i could find without too much hassle- especially since i no longer view any amount over $100m in WAMU as risk-free...

I hear you - I just don't want to support CFC in any way, directly or indirectly.

 

[5Pillars]

Quote from wareco:

Countrywide Bank 4.05 APY for 6 mo.
https://bank.countrywide.com/

IndyMac Bank 4.05 APY for 12 or 18 months. http://www.indymacbank.com/Individu...47512:5wLXuNB6B2YAACLf9tsAAAAH:20080316002245

Thanks everyone for all the links.

 

[The Kin]

Quote from wareco:

Countrywide Bank 4.05 APY for 6 mo.
https://bank.countrywide.com/

IndyMac Bank 4.05 APY for 12 or 18 months. http://www.indymacbank.com/Individu...47512:5wLXuNB6B2YAACLf9tsAAAAH:20080316002245

OMGzz! LOL


Hahahahhaha!

They're both toasty!

 

[condorll]

Quote from The Kin:

OMGzz! LOL


Hahahahhaha!

They're both toasty!

Who really wants to deal with FDIC and wait month's years to get your dough back?

 

[blackjack007]

Quote from gangof4:

i just opened a CFC acct because, for my risk-free $, it's the best rate i could find without too much hassle

how foolish you are.

if someone offered you a ride in a car that had bad brakes, would you go? assume he has full liability and medical coverage.

 

[wareco]

Quote from condorll:

Who really wants to deal with FDIC and wait month's years to get your dough back?

First of all BOA is buying CFC so I have little worry of a failure. Secondly, do you really think the government would delay re-paying depositors for months or years? That would do nothing but create a run on marginal banks. Ain't gonna happen.

http://www.bankrate.com/brm/news/DrDon/20060118a1.asp

 

[HedgefundTrader2]

Quote from wareco:

Countrywide Bank 4.05 APY for 6 mo.
https://bank.countrywide.com/

IndyMac Bank 4.05 APY for 12 or 18 months. http://www.indymacbank.com/Individu...47512:5wLXuNB6B2YAACLf9tsAAAAH:20080316002245

Trying to grasp floating straws.. These rate will be lower 4 weeks from now when Feds cut rates on March 18, 2008. What are you going to do than keeping chasing rabbits down the hole ?

Go buy real estate or invest in stock and equities, those 2 natural choices out there. They have been there for a century.

Now you know why Feds keep cutting rates?

 

[Longhorns]

Quote from wareco:

First of all BOA is buying CFC so I have little worry of a failure. Secondly, do you really think the government would delay re-paying depositors for months or years? That would do nothing but create a run on marginal banks. Ain't gonna happen.

1) I think the BAC/CFC deal is 50/50 to be completed.

2) The FDIC would take a few months to get all the money back to account holders.

3) Is it really worth the hassle and headache of possibly dealing with the FDIC for an extra .25%?

BTW--- These sites update daily (savings, money markets, checking, and CD's)....

http://bankcd.com/moneymarketrates.html

http://bankcd.com/cdrates.html

http://www.money-rates.com/cdrates.htm