Jumbo CD Investments - CD Rates Blog

Fed Cuts Rate Again

Today, the banks got a treat.? Whether or not it helps out Joe Homeowner remains to be seen.? Fed Funds now is at 4.50%.?

If Prime is adjusted down at least rates indexed to Prime should see a little relief.

We may also finally see a normalized yield curve, although it took lower leads to get us there.

Credit Union vs. Bank

I found this fun video on YouTube while doing some research.? I know my credit union friends will enjoy it, hopefully my bank friends will get a laugh, as well.

Credit Union vs. Bank video.

Highest CD Rates Commentary Updated

Updated our running commentary.

Highest CD Rates

cd :O)

New Longer-Term Commentary From WesCorp

Treasury yields are taken a significant dip today.? Talking heads aren’t really sure why.

On another note, Dwight has posted a new Long Term Commentary.? And his co-hort, Jeff Smith had a nice analysis for today.

Check ‘em out.

Longer-Term Commentary

October 19, 2007 Commentary

Socialized Savings

Good ‘ol Hillary.? Showing her true blue colors again.? She wants to take your estate taxes and dole them out to encourage others to save.

It sounds nice on the surface.? If I open this new type of account, the Gov’t will match it up to $500 or $1,000.? Boy-o-Boy, free money.? But it isn’t fee.? The revenue for this plan comes from estate taxes.? To be fair, they aren’t planning on raising the current estate tax, just diverting part of it to this new program.

But here is the problem.? The Gov’t shouldn’t be in the business of taking?my?inheritance?and giving it to others.? The Gov’t needs to stop using Americans as their revenue stream.? Encourage your representative to stop taxing us to death.? And find some other source of revenue.

Here is a link to the PR piece put out by Hillary.? What do you think?