Jumbo CD Investments - CD Rates Blog

Happy New Year’s

I promised a New Year’s eve post so here it is.  Not too many surprises for the month except for maybe the lack of the Christmas stock bounce.  2008 looks to be a very tough year for housing.  Good if you are a buyer, not so good if you are a seller.  Probably some more rate cuts in the future.

Have a safe and Happy New Year’s eve.  My family will be watching movies and eating munchies. 

Thanks for the great year.  Let’s make 2008 even better.

cd :O)

Merry Christmas

Just wanted to wish all of our readers a Merry Christmas.  I’ll be out of the office after tomorrow, but back to make one last post to close out 2007.

Be safe and enjoy the time with your family and friends.  As I get older, I notice just how fast it all seems to go.

Here is a fun link to a video on YouTube.  C is for Christmas, by Go Fish. 

cd :O)

NewBank — CD Rates and Checking Account Special

Updated: 2/12/2008.  NewBank,  a division of PremierWest Bank (FDIC# 32975) has on-line specials for CDs, Savings Accounts and Checking Accounts.

NewBank was formerly part of Stockmans Bank based in Elk Grove, CA.  Stockmans merged into PremierWest which is based in Medford, OR. 

The CD Rates are competitive if you are comparing banks.  1-Year at 3.65% APY and 2-year at 3.50% APY.

The Savings Rate isn’t bad either for our current enviroment.  It stands at 3.50% APY.  There are some higher ones out there though.

The checking account has a bonus feature of $50 if you maintain a $2,500 balance for 90-Days.

Click here for all of the details. 

Feds First Auction

The first auction didn’t go quite as well as hoped.  The funding was given at 4.65% which was on the high-end of expectations.  The range was 4.17% - 4.70%.

In addition, of the $61BB put up for collateral, only $20BB was accepted.

Interesting to note that Goldman Sachs had a huge 4th quarter by hedging against the Subprime mess they helped create.

Best CD Rate - 12/17/07

Our best personal CD rate is 5.71% APY (10Y Term; No Fee). We also have a 1Y at 5.05% APR / 5.15% APY and a 7Y at 5.31% APR / 5.45% APY.

Best Corporate rate is 5.05% APR for 1Y, the 10Y above, or a 5Y at 5.04% APR / 5.17% APY.
Updated 12/17/2007.

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