Any high interest CD's?

WineAndCheese · #1 (**permalink**) 05-08-2008, 12:39 PM

I really appreciate the advice you all gave me in my previous post. Thank you! I purchased a lot of those books for dirt cheap on amazon and am about to start cracking them open.

I'm still a little scared to get my feet wet in mutual funds and EFTs (whatever those are... y'all keep talking about them...haha). So in the mean time I opened a savings account at igobanking (3.23) and one at washington mutual (3.25) after reading through that sticky for a while. It got me curious as to whether there are some high-yield CD's that are 6, 9, or 12 month maturities and are beating the savings rates. I didn't see any posts on CD's so I thought I'd start one. Any suggestions? Stay away from them?

sweeps · #2 (**permalink**) 05-08-2008, 12:44 PM

Top CD rates

My opinion: Stay away from CDs and stick with high yield savings accounts for now.

fruitbowlk · #3 (**permalink**) 05-08-2008, 12:44 PM

Check bankrate.com and your local banks.

Aleta · #4 (**permalink**) 05-08-2008, 01:20 PM

I agree with Sweeps. Unless you can get 4%, I wouldn't bother tieing up your money. I would go with a high yield savings account for now.

Ima saver · #5 (**permalink**) 05-08-2008, 02:35 PM

I just got 4% at a bank in the next town.

fruitbowlk · #6 (**permalink**) 05-08-2008, 02:45 PM

GMAC bank has a APR of 4.10 on a min of $500 for 1 year.

rennigade · #7 (**permalink**) 05-09-2008, 07:45 AM

get an I bond. 4.84%, only have to hold it for a year less 3 months interest if cashed out before 5 years.