Buying Short Term CDs Doesn't Seem So Wise at the Moment
Submitted by JRodgers (bestcashcow.com)
Short term CD rates are falling as the Federal Reserve holds the overnight Fed Funds rate close to zero.
Compare the best CD rates, the best money market rates, the best savings rates, mortgage rates, home equity rates, auto loan rates and more - as well as find financial information that can help you make better decisions with your money.
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Related Tags: Money market accounts, Money markets.
Short term CD rates are falling as the Federal Reserve holds the overnight Fed Funds rate close to zero.
Anyone with between around $1 million and $10 million in money market funds can follow this strategy.
|
Type
|
Top APY/Rate
|
Institution
|
|
2.25%
|
Everbank
|
|
|
0.35%
|
Flex Funds
|
|
|
1.25%
|
Country Bank for Savings
|
|
|
1.10%
|
TotalBank
|
|
|
2.00%
|
First City Bank
|
|
|
2.15%
|
USAA Federal Savings Bank
|
|
|
2.30%
|
Atlantic Coast Bank / First City Bank
|
|
|
2.81%
|
USAA Federal Savings Bank
|
|
3.01% |
USAA Federal Savings Bank |
|
|
3.41%
|
USAA Federal Savings Bank
|
|
|
3.36%
|
US Treasury
|
|
4.30% |
Royal Bank of Missouri |
|
2.00% |
Alliant CU |
|
1.51% |
Wings Financial CU |
|
|
1.76%
|
Wings Financial CU
|
|
|
2.10%
|
Alliant CU
|
|
|
2.53%
|
Wings Financial CU
|
|
|
3.03%
|
Wings Financial CU
|
|
|
0.09%
|
Various brokerages
|
|
|
0.19%
|
Various brokerages
|
|
|
0.92%
|
Various brokerages
|
|
|
2.45%
|
Various brokerages
|
|
|
3.77%
|
Various brokerages
|
See more product and rate information