Jumbo CD Investments - CD Rates Blog

Merry Christmas and Happy New Year

Just wanted to wish you all a Merry Christmas. May your Christmas be filled with the Spirit of Christmas, family, and fun.

Thank you for spending time with us.

Looking forward to 2009 and all the possibilities that it holds.

cd :O)
Chris Duncan

The Problem With Bailouts

Today it is being reported that the majority of the banks that took bailout dollars have no way to account for where it went. Didn’t anyone think that accountability might be a good idea?!?

They are giving money to the auto companies. And from what I’ve read, they’ve removed most of the teeth that the original proposal contained.

I read today that Commercial Realestate folks are now petitioning for bail-out funds. Where will it end? How can the gov’t say no? They’ve been bailing everyone else out. Who will be next?

Caroline Baum has written a funny article on the bailout mess. She points out that children easily see the unjustice and unfairness of it all. Why can’t Washington?

Junior Asks Daddy, Where Do Bailouts Come From

The sad thing is, the people who really need it aren’t getting it. The current method of saving the big boys has just lead to the big boys blowing through the funds and then wanting more. I don’t see less homes being foreclosed or the economy improving. At this point, the gov’t has only rewarded stupidity. And if they keep it up, why would anyone be encouraged to do things better and differently? Let me know what you think.

cd :O)

New Historic Lows

Today the 30-year treasury bond dropped to below 3% (2.95%) for the first time in history.

The Fed is also poised to lower the target rate for Fed Funds to 0.5%. Some think they might even go lower, but I think they want to leave room for another cut if the economy doesn’t start improving.

6-month CD rates will most likely fall to the 2.00% to 2.50% range. 1-year rates will probably be between 3.00% to 3.50%. The yield curve will probably be somewhat flat on the 2-Year to 4-Year, topping out around 3.70% to 3.80%. Finally the 5-year will probably slip to 4.25% to 4.50%.

One strategy that we have helped people with is investing in low penalty CDs. You may want to consider investing some funds in 5-year CDs, but look for 90-Day Early Withdrawal Penalties. You’ll pick-up some yield over the shorter-term CDs and if rates turn around in the next year or two, it won’t be that expensive to close the CD and move it to one with a better rate.

Hopefully, I’ll have a couple of more posts before the New Year. If not, have a Merry Christmas.

cd :O)

It’s Refer Your Corporate Friend Day — Get Paid $150

Update: 12/09/08 — This offer is still good. But rates went down a little since last week.

We’ve seen rates continue to fall this week. But one rate has remained high, and it doesn’t have a fee. However, there are a couple of catches. First, you have to be a Financial Institution such as a bank or credit union, or you have to be a corporation. The bank doesn’t accept personal funds.

So here is the deal. The rate for 3-years is 4.50%, the rate for 4-years is 4.80%, and the rate for 5-years is 5.05%. The bank requires $100,000. It is FDIC insured. I can’t give out the name on the blog, but the bank is very healthy. They have a 5-star rating on BankRate.com.

If you refer a bank, credit union, or corporate friend to us and they open up a $100,000 CD for one of the above terms, we’ll pay you $150.00. That’s right, we’ll pay you $150.00. If for some reason, they already have a CD with this bank, but they do a future trade with us, we will pay you when the future trade is completed.

I don’t know how long the rate will be good for, but I do know it is good for today.

Our number is 800-234-4605. We can also be reached using our contact page. As you can tell from the number of blog posts of late, I’ve been very busy, but I hate to see people miss out on a great rate.

This offer is good for 12/5/08. We’ll extend it if the bank keeps the rate up.

What Really Happened on Thanksgiving

Caroline Baum publishes an annual column on what really happened with the Pilgrims and Thanksgiving. I invite you to check it out.

Thanksgiving Story Resonates in Year of Crisis

Happy Thanksgiving!!! May you and yours be blessed.

cd :O)