Best CD Rates for May 2007

Now get 3, 4, 5 and 7-year insured money market certificates which yield 5.20% (APY). 3 month to 1 YR CDs pay as much as 5.41%. The best Money Market fund pays 5.22%.

See the full list of top rates by term below. For short term money close to home, I like World Savings at 5.41%. Security Savings Bank has a 5.55% 17 Month CD. For longer term CDs between 3 and 7 years, NetBank.com is tops this month.

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. If you hear of a better rate, please post about it there.

Rate Survey as of 5/5/07:

(Click here for the information in table format and rate sheets for each institution listed)

• 3 Month CD is paying 5.30% @ Countrywide
• 6 Month CD is paying 5.41% @ World Savings & Countrywide
• 9 or 10 Month CD is paying 5.41% @ World Savings
• 1 Year CD is paying 5.31% @ AmTrust Direct
• 17 Month CD is paying 5.55% @ Security Savings Bank
• 18 Month CD is paying 5.25% @ NetBank
• 2 Year CD is paying 5.20% @ NetBank
• 3 Year CD is paying 5.20% @ NetBank
• 5 Year CD is paying 5.20% @ NetBank
• 5 Year CD is paying 5.14% @ World Savings
• 7 Year CD is paying 5.20% @ NetBank

More rate tables, yields, terms and contact info at:

• NetBank.com
• Security Savings Bank
• World Savings

APY = Annual Percentage Yield

Best Rate Money Market Fund

• Daily Saving rate is 5.22% APR @ Vanguard Prime MMF (This is a 5.10% 7 day yield)

Ask questions about CDs and Annuities in our discussion forum: Get The Best CD Rate

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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.