Best CD Rate Update - 4.75% at Wachovia and Capital One

Wachovia and Capital One have the top rates for CDs this week at 4.75% for a 5-year term.

Fixed Income Update (5/18/08)

Best CD Rates: (Refresh your browser by clicking "reload" if you don't get 5/18/08 rates at these links)

• 1-yr 4.10% @ Indymac Bank
• 2-yr 4.20% @ GMAC Bank
• 3-yr 4.55% @ National City Bank
• 5-yrs 4.75% @ Wachovia Bank and Capital One Bank
• 7-yrs 4.51% @ PenFed CU

Vanguard Money Market Rates:

• Prime=2.39%
• Tax Free=2.22%

US Treasury Rates:

• 3-month = 1.84%
• 30-Yr = 4.57%
• More US Treasury Rates
  

Vanguard Alert!

Currently Vanguard's "Tax Exempt Money Market Fund" is paying a higher rate than their taxable "Prime Money Market Fund!"

• Details at Vanguard VMMXX & VMSXX

Fixed Income Update (5/8/08)

• US Treasury Rates: 3-month = 1.67% & 30-Yr = 4.58%
• More US Treasury Rates

Best CD Rates: (Refresh your browser by clicking "reload" if you don't get 5/8/08 rates)

• 1-yr 4.15% @ Indymac Bank and 4.10% at GMAC Bank
• 5-yrs 4.75% @ Wachovia Bank
• 7-yrs 4.51% @ PenFed CU

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Current US Treasury Rates:

• 3-month = 1.67%
• 30-Yr = 4.58%
• More US Treasury Rates

US Treasury Rates at a Glance

Best CD Rate - 4.75% for 5-Years

The best CD rate today at Wachovia Bank is 4.75% APY with a minimum opening deposit of $5,000. This is for a sixty (60) month (5-years) CD with an annual interest rate of 4.64%. Note, a Wachovia checking account is required to open this featured CD.

For a full list of CDs and terms, see Wachovia Bank Best CD Rates.

Bankrate.com says the highest regular 5-year CDs are

• 4.60% at E-Loan
  and
• 4.50% at Capital One Bank

Also, make sure you read:

• =>How to Get the Best CD Rates
  
• =>Beware of Annuities

Definition: A Certificate of Deposit or CD is certificate from a bank stating that the named party has a specified sum on deposit, usually for a given period of time at a fixed rate of interest. Often there is a penalty for early withdrawal (taking your money out before the specified period of time.)

APY = Annual Percetage Yield

.