Rates Hold Pretty Steady

Make Money Submitting Links:

	Comment and Discuss
	Add to Reading List
	Become a fan
	Email to someone
	Print

Other writing by BankMan

Article Submitted by: BankMan
Savings - Checking - CDs

Rates are holding relatively constant.

Submitted: Aug 14, 2007 Views: 185 Comments: 3 Likes: 1

The best savings rates held relatively stable through the beginning of the week of August 13. Some 3 and 6-month CD rates fell so that the best 3 month is now 5.35% and the best 6 month is now 5.42%. IndyMac's 5.55% 5-month rate is now significantly more attractive than either.

While 2 and 3 year CD rates have come in slightly, Virtual Bank has held its offer at 5.39%.

Email this story Email to someone | Print Content | Add to reading list

Comments Received:

Roberto
(Unregistered)

Fascinating. It really is great that rates are holding constant while treasury rates are falling and while there is so much cash coming out of the stock and bond markets. Thanks for posting!

Posted: Aug 14, 2007

Trishelle
(Unregistered)

I wouldn't call this fascinating but thanks for the info anyway.

Posted: Aug 14, 2007

Amelia

I think it is fascinating. The last time that the stock market went through a major corrective phase (six years ago), the best rate in savings accounts was around 2% in INGDirect. Now, there is competition and rates are going to be much better.

Posted: Aug 14, 2007

Financial products of all nature bear inherent risks and this website is not a financial advisory service; it is a forum for users to share and to compare notes and observations on financial publications. The website provides, free of charge, the technical and logistical apparatus and the medium for users to share and to publish financial information and to comment on publications. As such, the website’s operator can not and does not take responsibility for information, observations or opinions of any sort or nature provided by third parties with whom it is not affiliated who use the website to publish, to comment or as a means of solicitation. Users are specifically warned against following any advice related to specific instruments, including, but not limited to, equity securities, that may be provided by other users directly on this site or on web pages to which other users have provided links on this site. BestCashCow.com can not and does not check or verify the qualifications and credentials of users who publish or comment on this site or on linked pages. Users should seek personalized advice from qualified professionals regarding all personal financial issues and evaluate the risks and applicability to their own circumstances of each financial product discussed regardless of who the publisher is or purports to be. Should you, through your use of this site, identify an individual or organization purporting to offer personalized advice, you bear all responsibility to ensure that the individual or organization has the qualifications that they may represent on the website, and that their advice is appropriate for your circumstances. On certain webpages, BestCashCow.com provides information related to rates on US-based savings accounts, CDs, short-term government bonds, and other US cash equivalent securities, also free of charge to internet users for their independent use. The accuracy of this information is not guaranteed, and the information, like all other information on this website, should not be construed to provide investment advice, nor to endorse a financial product of any sort.

Make Money Submitting Links:

Other writing by BankMan

Tags