Jumbo CD Investments - CD Rates Blog

Someone Elses Giveaway

MoneyNing is having a give away and trying to build popularity at the same time.? I’ve read many of his entries?and enjoy the posts and the conversation.

Check it out.

cd :O)

Washington Mutual (WaMu) Savings Account Rate

Updated 4/10/08.? Washington Mutual or WaMu as they are called, has a nice Savings Account Rate.? In this rate environment, I’m not a fan of the higher yield savings rates because they are bound to go lower.??The rate is 3.30% APY.

Washington Mutual



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WaMu is federally insured by the FDIC.? The FDIC# is 32633.? They are over $300 Billion in assets.

Helpful Tax Deductions

The economy has had such bad news of late.? And will probably continue to do so.? As a way of taking a break, over the next few days I will bring you some posts from other blogs.? Hopefully, you find them helpful.? This next one comes at a great time.

fivecentnickel has made a post of?commonly missed?tax deductions.? If you haven’t filed already, you may find some gems to reduce your burden or increase your refund.

cd :O)

What is the Best CD Term to Invest In?

A very difficult question that never really gets easier.? There are so many variables and the answer is different for different people.

Hopewell CU blogs about various topics surrounding credit unions.?? They suggest ?4 to 5-years may not be too long.

I believe if you don’t have a CD ladder set-up already, that 2Y - 3Y terms may be best.? CD Rates are currently below where averages tend to be and a 2Y -3Y time frame will?hopefully turn that around.

However, if you have plenty of maturities coming up in the next few years, going longer?should be okay.? You have the earlier maturities to take advantage of higher rates if they begin to go up, and you will also be putting some on the longer end, protecting your rate, in case rates stay down for an extended period of time.

Here is an example.? If you purchase a 4.50% for 2-year today and invest $100,000, you will earn?about $9,000.? If you invest in a 1-year term at the same level, rates will need to?be at the same level next year?in order to earn the same amount.? So do you believe, rates will be the same or higher next year at this time??

Since it still looks like the Fed may lower rates another time or two, it is unlikely rates will be higher or the same next year.? What do you think?

The Dash

Most of the time?my?posts revolve around CDs and the economy.? Occasionally, I like to post something inspirational.? I’ve read this poem many times, but someone put it to music with photographs.? Remarkable!? Enjoy.

The Dash

cd :O)