Print out our latest "Very Best CD Rates with FDIC Survey" and bring it in with you.
Print out some of the advertisement of rates advertised on your bank's competing web sites so you have proof.
"Highest CD Rate Survey" for 8/9/08
| Term | Highest Rate (APY) | Where? (Click link for Full Rate Sheets) |
| Daily Savings | 2.21% | Vanguard Prime Money Market Fund |
| Tax Exempt | 2.09% | Vanguard Tax Exempt Money Market Fund |
| Online Savings | 3.50% | HSBC Bank Online Savings |
| 6 Months | 4.05% | Corus Bank & 4.01% @ Ascencia |
| 7 Months | 4.00% | Wachovia Bank |
| 1 Year | 4.34% | VirtualBank and 4.30% at AmTrust Direct |
| 1 Year Treasury | 2.17% | US Treasury Rates |
| 18 Months | 4.35% | AmTrust Direct |
| 2 Years | 4.41% | Geauga Savings Bank & 4.36% @ E-Loan |
| 3 Years | 4.80% | Geauga Savings Bank & 4.61% @ E-Loan |
| 4 Years | 4.81% | Discover Bank & 4.80% @ E-Loan |
| 5 Years | 5.12% | Discover Bank |
| 5 Yr Treasury | 3.20% | US Treasury Rates |
| 7 Years | 4.60% | PenFed CU |
| 10 Yr Treasury | 3.93% | US Treasury Rates |
| 30 Yr Treasury | 4.53% | US Treasury Rates |
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.)
Definition: A Liquid Certificate of Deposit gives you a CD rate that is usually better than most checking accounts while allowing more fluid access to your money. That is you can take money out of the CD before it matures. They usually pay higher rates than the offering bank's money market account but not the top rates of CDs held to the full term. They are sort of "half and half" and thus offer rates that are inbetween the two.
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