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Posted by Kirk Lindstrom Apr 4, 2007 |
The highest CD rate as of April 4th, 2007 is 5.50% APY (5.36% certificate rate) for 3, 4, 5 and 7 year CDs. For short term money, you can get a 5 month CD at 5.46% APY.
We discuss the best rates for CD in our Get The Best CD Rate discussion forum. Check there for updates on the best CD rates or to ask questions.
For short term money close to home, I like World Savings. For longer term CDs between 3 and 7 years, Pentagon Federal Credit Union is tops this month.
Rate Survey as of 4/4/07
- 5 Mo CD - World Savings - 5.26%, 5.40% APR
- 10 Mo CD - World Savings - 5.32%, 5.46% APR
- 1 Yr CD - Netbank.com - 5.07%, 5.20% APR
- 18 Mo CD - Netbank.com - 5.12%, 5.25% APR
- 2 Yr CD - Netbank.com - 5.07%, 5.20% APR
- 3 Yr CD - Pentagon Federal Credit Union - 5.36%, 5.50% APR
- 4 Yr CD - Pentagon Federal Credit Union - 5.36%, 5.50% APR
- 5 Yr CD - Pentagon Federal Credit Union - 5.36%, 5.50% APR
- 7 Yr CD - Pentagon Federal Credit Union - 5.36%, 5.50% APR
More rate tables, yields, terms and contact info at:
APY = Annual Percentage Yield
6.0% Money Market Rate
Through April 30th, 2007, HSBC is offering 6.0% on its money market funds. After they get your money, if they lower the rates, which they probably will, then you could roll the money into one of their CDs such as their six month Certificate of deposit that is paying 5.25%.
Ask questions about CDs and Annuities in our discussion forum: Get The Best CD Rate
If you hear of a better rate, please post in our Get The Best CD Rate discussion forum
DISCLAIMER: Answers & my words are general in nature, are not meant as specific investment advice, and do not necessarily represent the opinion of anyone but Kirk. Individuals should consult with their own advisors for specific investment advice.