You can often get higher than advertised rates at your local branch if you do your homework. Print out the "Highest CD Rate Survey" and bring it in with you.
You can get 10 year CD paying 3.00% APY with FDIC insurance from Discover Bank.
From our March 12, 2009 article, this 10-yr CD from Discover Bank paid 2.89% last year.
The 10 year Treasury Bond is only paying 2.47%. See "US Treasury Rates at a Glance" for current US Treasury rates.
If you want to negotiate for better rates at your local bank, then print out some of the advertisements showing rates advertised on your bank's competing web sites so you have proof. (Make sure the date shows on your printout so they know it is current.)
Rates and terms may change so read the fine print and make sure you get FDIC insurance!!!!
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1 comment:
Thanks for the info.
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