Moneywise on July 3rd, 2008
Speaking of CD offers, I just noticed that IndyMac is offering some pretty attractive rates on short term CDs on its website.
IndyMac CD rates
3 Month 3.25% 3.30%
9 Month 3.92% 4.00%
10 Month 3.92% 4.00%
2 Year 4.16% 4.25%
These rates are extremely attractive when compared to the national averages and may be better than the previously mentioned OnBank offer if someone is looking for a smaller duration.
Moneywise on July 3rd, 2008
OnBank is currently offering a fantastic deal on its certificate of deposit or CD accounts. The 60-month CD is available at 5.15%. Obviously, OnBank is expecting a pretty good increase in interest rates over the next 5 years. In any event, this is one of the better CD deals out there. Generally, I groan at the thought of putting money into CDs, but given the stock market tumult, uncertainty in the municipal bond market, and general economic woes, this may not be a bad option for someone who wants to stow away some money securely. The bank also offers 3.5% on Money Market savings accounts.
