What's the best bank right now for cds?

What's the best bank right now for cds?
by

1 Answer

Answer :

answer:Check out, Bank Rate for the best interest rates. It can find rates based on location so you can find a local bank or go with online ones like E*Trade. After you find a good rate, just search the Internet for stories about customer service. Security-wise, I believe most banks will be about the same. The Fed has rules they all must follow like how secure their Web site is and how they must combat phishing schemes. I work for Prosperity Bank in Texas and I have a CD through them. I get a mildly better rate than their normally crappy rate because I work there. However, if you sit down with a banker, express interest in moving your assists to another bank that has a better rate, they will work with you. The rates aren’t set in stone and they don’t want to see money leave. Bonus, E*Trade has a one year CD for 3.5% with a minimum $1,000 and is FDIC insured.
by

Related questions

Will you educate me on IRA and CDs and stuff?

Description : Will you educate me on IRA and CDs and stuff?

Last Answer : The main description of a traditional IRA is it is an account you put money in that reduces your income now, so you are taxed less now, and then when you take the money out when you are older it is ... are CD's you can add additional money or allow an increase to the rate, but those are not typical.

What do you think about moving some money into CD’s?

Description : What do you think about moving some money into CD’s?

Last Answer : That seems a bit old fashioned. Why not BluRay instead?

Are you going through a hard financial time right now?

Description : Are you going through a hard financial time right now?

Last Answer : Always. And I’ve worked so damn hard in my life.

How much money is in your pockets right now?

Description : How much money is in your pockets right now?

Last Answer : I don’t carry any money in my pockets, but I usually try to have $20 in the front section of my fanny pack, and a $20 bill in the secret back section. I use the money for snacks and drinks when I am out with my young grandchildren.

If lurve was dollars, what would you buy right now?

Description : If lurve was dollars, what would you buy right now?

Last Answer : Down payment on a car. Mine’s getting old and I will need to get a new one in the next year.

What are the best stocks to invest in right now (for a beginner)?

Description : What are the best stocks to invest in right now (for a beginner)?

Last Answer : None. Get seeds and food.

What is a good conservative investment right now?

Description : What is a good conservative investment right now?

Last Answer : You could always go with a CD. Many of my family members have done this in the past, and it works well. However, if you're only going to let it sit for a year or two, it makes more sense to do ... a return rate as risking your money on the market, but it's better than just letting it sit in a bank.

What is the best way to gain interst on a large sum of money right now?

Description : What is the best way to gain interst on a large sum of money right now?

Last Answer : Oh, and I have to invest it in the next couple of weeks.

What's a good bank to use?

Description : What's a good bank to use?

Last Answer : Wells Fargo lost $50,000 of mine for several days, then wouldn’t admit their mistake, so I changed to U.S. Bank. I am very happy with them.

What's the best way to manage two bank accounts on different sides of the country? Can I use Paypal?

Description : What's the best way to manage two bank accounts on different sides of the country? Can I use Paypal?

Last Answer : answer:I have a setup similar to this. Almost all banks with modern websites allow you to transfer money electronically from one checking account to another. It's free and very convenient, and mine also ... 1 of your two accounts. From there, you should be able to transfer money in either direction.

Have you ever made use of the option to withdraw money from your bank account at the supermarket checkout?

Description : Have you ever made use of the option to withdraw money from your bank account at the supermarket checkout?

Last Answer : Yes. It costs me 50 cents to make a withdrawal of any amount of money in excess of my bill. I have done it a few times for the convenience, but I hate paying a fee.

For online payments, is it better to do it through my bank instead of using the payee's online payment system?

Description : For online payments, is it better to do it through my bank instead of using the payee's online payment system?

Last Answer : I use my bank's ez pay system. It's worked great for me for years. In the past our company ran into a problem with a credit card processing vendor who initiated a BS withdrawal from our bank (we ... them to submit a bill to your bank and the bank will pay the amount submitted if you set that up.

Can you send money to someone that doesn't have a bank account?

Description : Can you send money to someone that doesn't have a bank account?

Last Answer : You can send cash per mail.

"Loan declared a loss" by bank?

Description : "Loan declared a loss" by bank?

Last Answer : It means the holder of your note has been able to write it off by taking a loss on it as a bad debt, I suggest you get a credit report and then talk to a credit counselor on how to repair your credit now that you can pay it back.

What would be some good reasons not to bank with Chase?

Description : What would be some good reasons not to bank with Chase?

Last Answer : Did you have any negative experience with them?

Can you help me with our bank mortgage?

Description : Can you help me with our bank mortgage?

Last Answer : answer:If you have an adjustable mortgage, YES. But you should not pay closing fee, title search . . . . again. A fixed mortgage, NO Where is the lawyer from your original closing, your lawyer not theirs ? ? ? Contact the state banking regulator

Someone paid with me a postal money order today (the real thing, US Postal Service). Do I need to go to a post office to cash it? Can I just go to the bank?

Description : Someone paid with me a postal money order today (the real thing, US Postal Service). Do I need to go to a post office to cash it? Can I just go to the bank?

Last Answer : Just deposit it in your bank. No need to go to the P.O.

If you do have a bank account, can you close it so the IRS can't put a levy on it?

Description : If you do have a bank account, can you close it so the IRS can't put a levy on it?

Last Answer : Set up a blind trust controlled by someone you can absolutely trust, and move the funds there. You can also use the courts to protect you from a levy that would leave you unable to pay for the basic requirements, like a roof over your head, food, transportation, employment costs, utilities, etc.

What are good CD rates? What bank should I go to?

Description : What are good CD rates? What bank should I go to?

Last Answer : You should be able to find a better rate than that. Some savings accounts are .9% now. As you shop for rates I would suggest not locking up the money for more than 2 years because it looks like the economy is starting to move, maybe rates will rise a little.

How to setup my Paypal account to automatically withdraw money from my bank account?

Description : How to setup my Paypal account to automatically withdraw money from my bank account?

Last Answer : answer:In Paypal, Go to Profile Once in your profile, on the left side of the screen under My Personal Info click on My Money Once in My Money Bank Accounts should be the first listing you ... never transferred money into my account. I just have a bank account set as my primary form of payment.

Could I get some advice regarding mailing a check to my bank?

Description : Could I get some advice regarding mailing a check to my bank?

Last Answer : answer:In the past I've written my own deposit slip when I didn't have one. (In fact, it's the old-fashioned way to do it. Banks at one time did not provide pre-printed deposit ... belt-and-suspenders thing, I'll repeat the account number under that endorsement, before I counter-sign the check.

Should I get an account at a credit union/bank or just manage my money with an account?

Description : Should I get an account at a credit union/bank or just manage my money with an account?

Last Answer : answer:Banks/Credit Unions are safer. Credit unions have great programs that will earn you interest. Here's the problem: The money sitting in a jar under your bed (or wherever) is actually decreasing in ... funds in a savings account at a minimum, but an IRA or some other investment is even better.

Which national bank is best?

Description : Which national bank is best?

Last Answer : Wells Fargo is fucking awesome, I have never enjoyed going to the bank so much. Theyre so helpful!!!!!

Is paypal a type of bank?

Description : Is paypal a type of bank?

Last Answer : It’s all electronic. Electronic money, electronic transfers, etc. PayPal probably pays taxes on its profits, rather than on any balance it carries.

If I made a deposit this morning and my account says the money is "pending," can I make purchases greater than the amount in my bank account?

Description : If I made a deposit this morning and my account says the money is "pending," can I make purchases greater than the amount in my bank account?

Last Answer : can I make purchases greater than the amount in my bank account? one would imagine not…

Do prepaid bank cards that have direct deposit have a routing number?

Description : Do prepaid bank cards that have direct deposit have a routing number?

Last Answer : answer:Not really, just the card number. Just as a credit card doesn't necessarily have a single account tied to it. There may be a routing number somewhere for the account the card is drawn ... of cards. Edit: to be clear, a routing number typically points to the institution holding the account

Is it difficult to transfer money from a Canada bank account to an American bank account?

Description : Is it difficult to transfer money from a Canada bank account to an American bank account?

Last Answer : No its very easy, you need Receiving bank's account number, routing number, IBAN number, SWIFT code, they bank name and bank address The person you are wiring should be able to call their bank and ... the most of the info is on the check except the SWIFT code, IBAN number and the bank address.

Is there a limit on how much money I can deposit in my bank account?

Description : Is there a limit on how much money I can deposit in my bank account?

Last Answer : answer:No you would have to give some of it to me. :D Googling resulted in a mention of a $100,000 cap of the FDIC would cover. So, I think @WestRiverrat has it right.

Which Bank in America is the best? Bank of America ?

Description : Which Bank in America is the best? Bank of America ?

Last Answer : I bank with BOA and I’m not charged monthly. But there are different types of account so I wouldn’t be surprised if some of them have monthly charges.

Is it true Americans do not use bank debit cards in retail and for online banking?

Description : Is it true Americans do not use bank debit cards in retail and for online banking?

Last Answer : Ummm, I’m in the United States and only use a debit card. It has the Visa logo so it works anywhere that takes Visa but it pulls the money straight from my account.

What happens if I walk away from my mortgage even if I have money in the same bank?

Description : What happens if I walk away from my mortgage even if I have money in the same bank?

Last Answer : answer:im not too sure how it works where you are, but here in spain they would just take the other assets off you. having said that, we also have laws against selling people loans via questionable methods. this is not legal advice

Why do banks care if you use debit or credit when paying with your bank card?

Description : Why do banks care if you use debit or credit when paying with your bank card?

Last Answer : The law protects you if you use a credit card for purchases. You are not liable in case of fraud, etc. The bank must pay or go after the company, and you have limited liability. With a debit ... like gasoline or groceries. Instead, use your debit card to pay bills you are sure you owe, etc.

I'd like your opinion on which you prefer and why. Bank or credit union?

Description : I'd like your opinion on which you prefer and why. Bank or credit union?

Last Answer : answer:The only advantage of a bank for me is free ATMs are everywhere. Otherwise, my credit union is superior. Higher rates when they pay me interest. Lower rates when I pay interest on loans ... . I phoned the automated system, paid $500 from checking to Visa, and the transaction sailed through!

Can I Put Money In paypal Without an bank account/credit?

Description : Can I Put Money In paypal Without an bank account/credit?

Last Answer : no it has to be linked to credit card- I think a prepaid card works but when I opened a paypal acount it asks for your bank account info

Has anyone ever had their bank losing their money?

Description : Has anyone ever had their bank losing their money?

Last Answer : Bank of America screwed me. I lost my job and didn't use my account until I found another job which was a couple of months. Yes, I did leave money in it too. My first pay check of my new job ... the bank $600+. Long story short, this began my downfall in credit and I went to a check cashing place.

The World bank, a force for good, or a global control mechanism?

Description : The World bank, a force for good, or a global control mechanism?

Last Answer : So. The World Bank provides capital loans to developing countries with the goal of reducing poverty? I would agree that they maybe don’t always do their job correctly, they’re not trying to control the global markets, nor can they really. The IMF I think is the organization you’re looking for =)

Can I deposit a rebate prepaid debit card into my bank account or do I have to spend it at a store?

Description : Can I deposit a rebate prepaid debit card into my bank account or do I have to spend it at a store?

Last Answer : you could spend it on groceries… that way it wouldn’t be something you don’t need.

What would you do if you found out your government had to borrow money from a private bank to run the ecconomy, and that this was the real cause of inflation?

Description : What would you do if you found out your government had to borrow money from a private bank to run the ecconomy, and that this was the real cause of inflation?

Last Answer : My government borrows money from private entities all the time. The government has always been borrowing from private entities, and has never been able to function without it. We’ve never been without a national debt. Buy a Treasury bill?

Which bank should I open an account with?

Description : Which bank should I open an account with?

Last Answer : Just don’t use Bank of America! We’ve had so many problems with them!

Why do older US dollars say "this note is legal tender for all debts, puiblic and private, and is redeemable in lawful money at the US treasury or at any federal reserve bank?"?

Description : Why do older US dollars say "this note is legal tender for all debts, puiblic and private, and is redeemable in lawful money at the US treasury or at any federal reserve bank?"?

Last Answer : I believe at that time we were on the gold standard and the money could be exchanged for the appropriate amount of gold. I’m trying to find a bit more info right now here. When we went off the gold standard, this would no longer have been true.

If i send money through my bank account in Bank of America can i have a receipt that i can print where i can prove that the other person got the money?

Description : If i send money through my bank account in Bank of America can i have a receipt that i can print where i can prove that the other person got the money?

Last Answer : Send money how? Like a wire transfer? The bank will provide you with a receipt of the transaction. If you somehow don’t find a way to print one online. Call them or go to a branch and they can provide it as well.

What is a family foundation and/or family bank?

Description : What is a family foundation and/or family bank?

Last Answer : I would also like to know about any relevant info on related topics such as living trusts, wills, California or US inheritance laws, taxes on $ gifts of various sorts and sizes, etc.

How does my bank account interest work?

Description : How does my bank account interest work?

Last Answer : Tthe acronyms are a little different in the UK than the US, but I could make a rough guess and say that you'll be making somewhere around 5% annually (if that's tax free, that seems quite good). For £1000 ... a year or £4.16 a month. That's not an exact answer, but it should be in right ballpark.

Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Description : Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

I'm about to make a large deposit, will the bank report this?

Description : I'm about to make a large deposit, will the bank report this?

Last Answer : Why do you wanna keep it low on the radar?

What does a sizeable bank account mean? How much is a sizeable amount?

Description : What does a sizeable bank account mean? How much is a sizeable amount?

Last Answer : There's probably not a set definition, but what it makes me think of is whether: a) you have enough that you never have to work again, b) you have enough that you can make major purchases ... do/accomplish during your lifetime? Of course, money isn't the only tool that can make these things happen.

Banking with Bank of America?

Description : Banking with Bank of America?

Last Answer : Keep calling, keep bothering them. If the lady said there’s nothing she can do about it, find out who can do something about it. Show up at the branch in person and see if there’s a reasonable person around. It’s much easier dealing with people in person than over the phone.

Do you know any banks that do not charge monthly fees for not meeting minimum balance requirements? Or a recommendation of a good bank, period?

Description : Do you know any banks that do not charge monthly fees for not meeting minimum balance requirements? Or a recommendation of a good bank, period?

Last Answer : answer:I use a Credit Union. I'm on about 6 years without a problem. And they don't have a minimum. Well, they actually do. I have to keep 5$ in my savings. My checking account can sit at ... not be in your area. But any credit union will probably give you a better service than a big national bank.

Do you know any banks that do not charge monthly fees for not meeting minimum balance requirements for a small business account? Or a recommendation of a good small business bank, period?

Description : Do you know any banks that do not charge monthly fees for not meeting minimum balance requirements for a small business account? Or a recommendation of a good small business bank, period?

Last Answer : Sovereign Bank had Free Business Checking a few years back… I’m not sure if they still do. Have you done a web search for “free business checking”?

What features do you use while doing bank transactions?

Description : What features do you use while doing bank transactions?

Last Answer : This question is not specific enough to answer. Are you talking about online banking? Are you talking about going to the bank and talking to a teller? Drive through? Are you asking which of these are preferred?