Comments on: Searching for a CD as the Rates Plummet http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/ 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. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: thomas http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136682 thomas Wed, 13 Feb 2008 05:55:10 +0000 http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136682 had I known Bernake and Co. would turn interest rates into a furniture store commercial (we are slashing prices!) I would have bought some CDs back before the ax dropped. Countrywide looks to the best, although it does have a higher minimum. had I known Bernake and Co. would turn interest rates into a furniture store commercial (we are slashing prices!) I would have bought some CDs back before the ax dropped.

Countrywide looks to the best, although it does have a higher minimum.

]]> By: Sasha http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136381 Sasha Sat, 09 Feb 2008 21:13:55 +0000 http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136381 Christine, I've never tried reward checking, but may look into it. I'm at the point now where I'm okay with opening new accounts within my existing banking relationships, but I don't want to overcomplicate things by having too many banks. I think I could wallpaper a room with all the tax statements I got for filing this year! Christine,

I’ve never tried reward checking, but may look into it. I’m at the point now where I’m okay with opening new accounts within my existing banking relationships, but I don’t want to overcomplicate things by having too many banks.

I think I could wallpaper a room with all the tax statements I got for filing this year!

]]> By: Sasha http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136380 Sasha Sat, 09 Feb 2008 21:11:59 +0000 http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136380 Mapgirl, Thanks for your feedback! My big issue at present is trying to get more time to write, but hope to do so soon. Yes, today in fact I've been staring at a piece of paper from my mortgage company that advertises 5.25% fixed for a 15 year mortgage. The rates are as of 1/15 so I have a feeling they're even better now. I can't afford a 15 year mortgage, but if I can get 30 years for a better rate than what I've got now, I'm going to try to get moving on this. I'm definitely calling them Monday since rates just took another dive. Mapgirl,

Thanks for your feedback! My big issue at present is trying to get more time to write, but hope to do so soon.

Yes, today in fact I’ve been staring at a piece of paper from my mortgage company that advertises 5.25% fixed for a 15 year mortgage. The rates are as of 1/15 so I have a feeling they’re even better now. I can’t afford a 15 year mortgage, but if I can get 30 years for a better rate than what I’ve got now, I’m going to try to get moving on this. I’m definitely calling them Monday since rates just took another dive.

]]> By: mapgirl http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136147 mapgirl Thu, 07 Feb 2008 03:32:22 +0000 http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136147 Interesting. I financed my condo very similarly to your home. I had an 80-15-5 with a 7/1 ARM as the primary mortgage, with a similar rate, but slightly higher. The second trust isn't a balloon mortgage though. It's a HELOC that I converted to a fixed rate. I suspect it's a higher rate than your balloon mortgage. That might have been a good idea for me, but I'm happy with my place and where it's at. It will turn adjustable in another 3 years, but we shall see what the future brings. I'm considering a refi, but I'm still not sure it's right for me. Hey Sasha, kick ass job you do here btw. Don't think I haven't noticed. :-) Interesting. I financed my condo very similarly to your home. I had an 80-15-5 with a 7/1 ARM as the primary mortgage, with a similar rate, but slightly higher. The second trust isn’t a balloon mortgage though. It’s a HELOC that I converted to a fixed rate. I suspect it’s a higher rate than your balloon mortgage. That might have been a good idea for me, but I’m happy with my place and where it’s at. It will turn adjustable in another 3 years, but we shall see what the future brings. I’m considering a refi, but I’m still not sure it’s right for me.

Hey Sasha, kick ass job you do here btw. Don’t think I haven’t noticed. :-)

]]> By: juggler314 http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136096 juggler314 Wed, 06 Feb 2008 15:55:19 +0000 http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136096 yeah I'm not about to drive very far, but I would consider heading into queens (there was a CD deal out there) from manhattan, or maybe jersey...depending on how much better the rate is. No way I'm driving to PA though! yeah I’m not about to drive very far, but I would consider heading into queens (there was a CD deal out there) from manhattan, or maybe jersey…depending on how much better the rate is. No way I’m driving to PA though!

]]> By: Sasha http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136047 Sasha Wed, 06 Feb 2008 00:23:09 +0000 http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136047 Ken, I'll check with Countrywide to see if i can worm my way into the better rate. Thanks! Juggler314, Thanks for the link. Some intersting deals there, although I'm generally not willing to travel to far away banks or open a checking account I won't use, which seem to be the qualifiers for the higher rates so far. I'll keep on reading and see if there's anything else to be had though. I would like one more CD, if just to tie up my funds so I keep my mitts off them for a few months. You know, savings just sitting there can be awfully tempting! Ken,
I’ll check with Countrywide to see if i can worm my way into the better rate. Thanks!

Juggler314,
Thanks for the link. Some intersting deals there, although I’m generally not willing to travel to far away banks or open a checking account I won’t use, which seem to be the qualifiers for the higher rates so far. I’ll keep on reading and see if there’s anything else to be had though. I would like one more CD, if just to tie up my funds so I keep my mitts off them for a few months. You know, savings just sitting there can be awfully tempting!

]]> By: Christine http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136034 Christine Tue, 05 Feb 2008 20:13:46 +0000 http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136034 what do you think of reward checking accounts? I have one right now and I am earning 6.01% rather easily because I use online banking. Money-rates.com has a list of banks offering them. The best part is that my bank did not drop the rate even after the Fed cut rates by 75 and 50 points. what do you think of reward checking accounts? I have one right now and I am earning 6.01% rather easily because I use online banking. Money-rates.com has a list of banks offering them. The best part is that my bank did not drop the rate even after the Fed cut rates by 75 and 50 points.

]]> By: juggler314 http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136019 juggler314 Tue, 05 Feb 2008 16:59:05 +0000 http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136019 Do you follow this blog: http://bankdeals.blogspot.com/ you can get some far better deals, especially at local credit unions Do you follow this blog: http://bankdeals.blogspot.com/ you can get some far better deals, especially at local credit unions

]]> By: Ken http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136018 Ken Tue, 05 Feb 2008 16:40:03 +0000 http://www.consumerismcommentary.com/2008/02/05/searching-for-a-cd-as-the-rates-plummet/#comment-136018 Yup, Countrywide Bank has the top 6-month CD yield. Note, some people may be able to get 5% APY instead of 4.90% APY if you open by phone or at one of their financial centers. The 5% may not be available in all locations. Type in your zip code at Countrywide's CD rate page to see if it's available in your area. Yup, Countrywide Bank has the top 6-month CD yield. Note, some people may be able to get 5% APY instead of 4.90% APY if you open by phone or at one of their financial centers. The 5% may not be available in all locations. Type in your zip code at Countrywide’s CD rate page to see if it’s available in your area.

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