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Educate me on banking

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Old 10-24-2007, 08:59 AM
  #46  
P.J
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Thanks for the loyalty Randy.

I was just browsing their rates section, looks like a 6 month CD is at 5% APY now.... hard to beat! (they go DOWN from there in longer terms).

You can elect to have the interest automatically transfered monthly or annually (or not at all) over to your "orange" savings
Old 10-24-2007, 09:59 AM
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The thing to keep in mind about locking in a CD rate is that it is "locked" in. Who knows what's going to happen but I don't think rates are going back up soon so money markets may drop off. Rates won't be going up until the housing market settles for a little while.
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