OnBank Offers Great CD Deal

Moneywise — Thu, 03 Jul 2008 15:32:05 +0000

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.

Looking For Money Markets? Watch the Intro Rate

Moneywise — Tue, 17 Jun 2008 02:36:11 +0000

Taking a look at current money market accounts, it seems as if EverBank is offering the highest interest rate with 4%, but this is where people get tripped up. EverBank’s offer is 4% on its MMAs for the introductory period, but then only 2% on accounts below $10,000 after that. Looking for the best money market rates it seems as if the IndyMac at 3.85% is the best for accounts over $10,000, with Corus Bank offering a 3.82% rate for the $10,000 deposit as well. There is a savings account available at OneUnited Bank for 3.6% with a minimum deposit of $1,000 and the HSBC that we discussed yesterday that is 3.5% with no minimum.

Best Bank Offer » money market

OnBank Offers Great CD Deal

Looking For Money Markets? Watch the Intro Rate