Jumbo CD Investments - CD Rates Blog

We’re Back

Yes, we are back and survived an 815 mile, 12-hour drive.? We had a great vacation.? Great hikes, eating, and even a Mountain Bike adventure.? I’ve updates most of our CD Rate related posts.

cd :O)

Gettin’ the heck out of Dodge

My family will be on vacation next week so don’t look for many posts, unless I can convince my wife that I need a computer fix.

If you have any questions about the company or our services call 800-234-4605, my associates will certainly help.

Millennium Bank

I get lots of calls about?Millennium Bank.? Since we don’t deal with any non-FDIC insured offshore banks, I really haven’t take the time to do research on them, but a fellow eMarketer did so I’ve posted?a link?to his post

Some other feedback about Millennum Bank, doesn’t leave one with warm fuzzies.? I would be curious if anyone has had a postive experience with them.

General rule of thumb to investing: the higher the return, the higher the risk.? In this case, I don’t believe the rate of return is high enough to accomodate the risk. cd :O)

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IndyMac Bank Certificate of Deposit Rates

IndyMac has a nice 7-month CD rate of 5.31% APR / 5.45% APY. They are quite a large bank with over $29 Billion in Assets.

Their Certificate rates website is IndyMac Bank

Their FDIC# is 29730

Updated 8/03/07

Highest CD Rates Moving Up

We’ve seen the inversion on CD rates practically be wiped out.? But, for the most part, Banks and Credit Unions still aren’t paying a big premium for the long-term rates vs. the short-term.? We’ve seen the highest 1-year CD rates move to the 5.50% APR range.? Outside of some specials, the 5-year is at 5.60%.