Comments on: The Interest Rates are Falling http://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Tue, 16 Mar 2010 07:14:17 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Rosshttp://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133952 Ross Fri, 25 Jan 2008 17:33:48 +0000 http://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133952 Looks like FNBO direct just dropped to 4.30% APY. Ouch! Looks like FNBO direct just dropped to 4.30% APY. Ouch!

]]> By: Marshttp://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133796 Mars Thu, 24 Jan 2008 19:36:38 +0000 http://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133796 Flexo,Agreed that it's not FDIC insured. GE Interest Plus is a Corporate Note (similar to MM funds offered by mutual fund companies). As for liquidity, you do get a check book. Flexo,

Agreed that it’s not FDIC insured. GE Interest Plus is a Corporate Note (similar to MM funds offered by mutual fund companies). As for liquidity, you do get a check book.

]]> By: juggler314http://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133787 juggler314 Thu, 24 Jan 2008 18:38:14 +0000 http://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133787 I don't know if it's still being offered as of today, but WaMu has a pretty good local (AZ, Co, CT, FL, GA, ID, NV, NJ, NY, TX and UT) deal for a 7 month CD. The APY is 5.10% (4.98% APR) additionally it has add-on features - so during the term you can deposit additional money into it. I opened one yesterday as soon as i heard about the rate cut. In the branch it is called the "January Promotion" so it might be good through the end of the month regardless. You can also call 1-866-808-1396 to open an account. I think you might have to have a WaMu checking account - but those are free too. Min deposit is $1000, min add-on is $100, max add-on is equal to the initial deposit. I'm dumping all my free cash into these CD's, at least I'll be able to hang on to a 5% rate for another 7 months:) I don’t know if it’s still being offered as of today, but WaMu has a pretty good local (AZ, Co, CT, FL, GA, ID, NV, NJ, NY, TX and UT) deal for a 7 month CD. The APY is 5.10% (4.98% APR) additionally it has add-on features – so during the term you can deposit additional money into it. I opened one yesterday as soon as i heard about the rate cut. In the branch it is called the “January Promotion” so it might be good through the end of the month regardless. You can also call 1-866-808-1396 to open an account. I think you might have to have a WaMu checking account – but those are free too. Min deposit is $1000, min add-on is $100, max add-on is equal to the initial deposit. I’m dumping all my free cash into these CD’s, at least I’ll be able to hang on to a 5% rate for another 7 months:)

]]> By: Flexohttp://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133778 Flexo Thu, 24 Jan 2008 16:54:12 +0000 http://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133778 Mars: Thanks! GE Interest Plus is not a money market account and not insured by the FDIC, so I haven't included them on the savings and checking account list. It would be comparing apples with oranges.I <a href="http://www.consumerismcommentary.com/2007/07/06/pseudo-savings-option-ge-interest-plus-account/" rel="nofollow">wrote about the GE Interest Plus account</a> last July; the "deposit" is an investment in GE's debt and not as liquid as a savings/money market account. Mars: Thanks! GE Interest Plus is not a money market account and not insured by the FDIC, so I haven’t included them on the savings and checking account list. It would be comparing apples with oranges.

I wrote about the GE Interest Plus account last July; the “deposit” is an investment in GE’s debt and not as liquid as a savings/money market account.

]]> By: Marshttp://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133776 Mars Thu, 24 Jan 2008 16:45:32 +0000 http://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133776 Flexo,GE Interest Plus (AAA rated) also gives reasonably high yields on their MM.4.59 for less than 15K 4.75 for 15K - 50K 4.91 for > 50Khttp://www.geinterestplus.com/interestplus/ Flexo,

GE Interest Plus (AAA rated) also gives reasonably high yields on their MM.

4.59 for less than 15K
4.75 for 15K – 50K
4.91 for > 50K

http://www.geinterestplus.com/interestplus/

]]> By: Flexohttp://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133756 Flexo Thu, 24 Jan 2008 14:22:59 +0000 http://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133756 Thanks SingleGuyMoney -- I captured that change in yesterday's update. Thanks SingleGuyMoney — I captured that change in yesterday’s update.

]]> By: SingleGuyMoneyhttp://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133745 SingleGuyMoney Thu, 24 Jan 2008 13:17:27 +0000 http://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133745 Etrade Complete Savings has dropped to 4.40% Etrade Complete Savings has dropped to 4.40%

]]> By: Flexohttp://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133699 Flexo Thu, 24 Jan 2008 06:28:05 +0000 http://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133699 King: I can't say I'm surprised. In the last few years, ING has been quick to respond to lowered rates. I'm sure they had time to prepare -- all the marketing materials and web graphics were updated immediately. <em>Someone</em> plans for these moves well in advance. King: I can’t say I’m surprised. In the last few years, ING has been quick to respond to lowered rates. I’m sure they had time to prepare — all the marketing materials and web graphics were updated immediately. Someone plans for these moves well in advance.

]]> By: King of Debthttp://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133679 King of Debt Thu, 24 Jan 2008 03:07:14 +0000 http://www.consumerismcommentary.com/2008/01/23/the-interest-rates-are-falling/#comment-133679 I was shocked that it took less than 24 hours for ING to cut their rate. I was shocked that it took less than 24 hours for ING to cut their rate.

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