Jumbo CD Investments - CD Rates Blog

Greystone Bank - Certificate of Deposit Rates

Updated: 6/17/08.? Greystone Bank was established on November 1, 2005.? They aren’t a large bank.? As of?March 08, assets were a little over $274MM.?? They do currently have an operating loss of $1.58MM.? They are considered well-capitalized.? FDIC# is 58094.

View their website, here.

Peer-to-Peer Lending

This is a sponsored article.? We’ve added a new section on our website about Peer-to-Peer lending.? I’m pretty excited about it.? Of course, I don’t want you to take all of your investable funds this route, but a properly managed portfolio can earn you some good returns.?

Peer-to-Peer lending basically cuts out the bank and you lend directly to the borrower.? For obvious reasons, it is also known as Person-to-Person lending.? Prosper is one of the premier services in this area.? Your funds aren’t insured like an FDIC insured CD, and you can lose principal, but Prosper goes along way to make sure you know the background of the borrower.?

Check out the new section, let me know what you think.? Peer-to-Peer Lending.

cd :O)

Fed Funds Dropped 75 Basis Points

Today, 3/18/08, The FOMC cut the overnight rate by 0.75% to bring the rate to 2.25%.

Compare CD Rates

I updated our Compare CD Rates page.? This is useful for folks who are looking for free rate information and /or don’t meet our $50,000 minimum.?

Given the looming rate cut, I’m sure I will have some updates tomorrow as well.? We don’t work directly with the instutitions listed, but they should all be available nationwide.? Please leave a comment if you run into any problems.? I don’t want to link to an institution that provides poor service.

If you want to view the rates we have available go to our Certificate of Deposit Rates page.

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.?