12 month CD no minimum deposit at 2.00%

[wincrasher]

This is why laddering is so important.

Don't lock all your money up in one CD. If you buy a 12month CD every month, in a year's time, you'll have a CD maturing every month.

Then you have the opportunity to take advantage of rates as they change. Alot of people are thinking that rates will more up significantly in a year or two.

[amarowsky]

Screw all of that, throw it into some high dividend stocks that are steady solid companies. Or even consider possibly buying some Preferred stock so you can get some good monies.

[syracusa]

Originally Posted by amarowsky

...some high dividend stocks that are steady solid companies.

Can you share?

[Mistee]

FNBO Direct is paying 1.5% on its online savings account.

Nexity Bank is offering a six-month CD at 1.65%.

IGoBanking in Flushing, New York; savings 1.41% APY and no minimums

[Mistee]

Those rates I just read in my Money Magazine which arrived two days ago. I hope the rates are still the same.

[minnie1928]

Cap One savings account is at 1.75%.

[SoCoolGifts]

Originally Posted by wincrasher

This is why laddering is so important.

Don't lock all your money up in one CD. If you buy a 12month CD every month, in a year's time, you'll have a CD maturing every month.

Then you have the opportunity to take advantage of rates as they change. Alot of people are thinking that rates will more up significantly in a year or two.

This is a terrific idea and the low rates can't last forever. Inflation has to hit sooner or later.

[amarowsky]

Originally Posted by syracusa

Can you share?

Here are some I have been looking at lately (high stock dividends)

This is my high div yield stock
DTE Energy Company - Google Finance I got lucky and bought it at 35 a share aug 18th. I don't have much in it, but when I bought it, they were paying 6% div. Amount is still the same (div per share) but the percent is lower know because the price has been raising.

10 Dividend Stocks for the Next Decade and Beyond

Check this out, they have 5 stocks in the lower half all paying over 7 percent dividend. Just make sure you check their ratios and research the company and you could possibly be looking at a great opportunity to make some excellent dividends.

My grand parents also have a fund though blackrock that is a strict dividend fund. They hedge different blue chip, well established, and general large cap companies and hedge to keep their dividends high. I believe they were getting about 10% return on their fund even throughout the brunt of the crappy market we had the past year(s).

Just looked over that article and went though some of the stocks in the ticker, and checked the dates an realized its pretty old. But you can find similar lists or just view just check for newer lists.

[m3racer]

Originally Posted by AtlantaLife&Health

They'll pay you 2% and then lend it out at about 15% or more. Banks are crooks.

I've got an easy solution for you....don't keep your $$ at a bank. It's time for you to wake up and realize banks are in it to make money. Yes, that's right, they're making $$$. I'll never understand why people on this board feel so bitter toward companies & banks because they're making $$$. God forbid any bank or company is in your portfolio and making $$ for their shareholders (specifically you).