OnBank Offers Great CD Deal
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.
July 3rd, 2008 at 3:37 pm
[...] 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. Tags: cd, indymac, ratesRead More Comments (0) [...]