Jumbo CD Investments - CD Rates Blog

Big Dog Passes On To Better Place

A True Big Dog passed Wednesday afternoon.  Our dog Christy went to doggie heaven.  I’m dedicating today’s post to her. 

She wasn’t a big dog in size, but in heart.  She was a cross between a Bassett Hound and a Lab.  She looked like a Lab with no legs or a giant Daschund.

She was courageous, strong, and devoted.  Three qualities that one must have to be a big dog in my book.  She never complained, whimpered, or whined.  She always had a gentle touch with kittens and puppies, yet was strong and firm when necessary.

She accepted every child we had, every kitten or cat we rescued, and every other dog that we brought into the family.  She provided comfort through trials, companionship when we were lonely, and stood watch over us at night.

Christy, you were the best dog on Earth and now Heaven delights in your company.  Until we meet again, we’ll keep looking up…

Your memory lives on through our courage, strength, and devotion. 

Fed Funds Dropped 50 Basis Points

The FOMC dropped rates 50 Basis Points or 0.50%.  The rate went from 5.25% to 4.75%.

Short-term CDs will probably drop 20 Basis Points over the next few days.  Whether or not they drop further, depends on the outlook as we had to the next meeting.  Longer-term CDs probably won’t drop as much and we may even return to a normal yield curve.

The next meeting is October 30/31.

cd :O)

Will the Fed Funds Go Down?

Almost everyone expects the Fed to Lower rates.  Most of the debate is how far.  A 50 Basis Point Cut or 0.5% seems that it may give the economy the boost it needs.

MoneyCafe has a nice historical graph on the Fed Funds Rate.

Our 10-year special is up to a 5.95% APY.

10-Year CD Rate–5.95% APY

Get 10-year, 5.95% APY Now!!! FDIC Insured    

 

Countrywide Bank Savings Rate

Countrywide Bank is offering high rates on their savings accounts, money markets and CDs.

[Side Note:  Today (1/11/08) Bank of America annoucned they were buying Countrywide Financial Corp.  Although I don’t believe this necessitates a merger of the banks, that will most likely happen.]

For $50,000 and above, the savings rate is 5.25% APY.  Updated 01/08/2008.

They have over $99 Billion dollars in assets and are FDIC insured.  Their FDIC# is 33143.

Countrywide Bank Savings Rate

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