Thursday, May 7, 2009

Current LIBOR Rates Down Near Historical Lows

The short term, 1-month Libor rate is down 2.11% to only 0.40% from 2.51% just a year ago. This table shows all LIBOR rates are down significantly from a year ago.

Updated 5/6/2009 This week Month ago Year ago
1 Month LIBOR Rate 0.40 0.45 2.51
3 Month LIBOR Rate 0.99 1.12 2.68
6 Month LIBOR Rate 1.54 1.66 2.83
1 Year LIBOR Rate 1.78 1.95 2.99

See Libor Rates at a Glance for current rates and graphs.

Definition: LIBOR is the London Interbank Offered Rate. It is a daily reference rate based on the interest rates banks in the London wholesale money market (or interbank market) offer to lend unsecured funds to each other. LIBOR is usually slightly higher than the London Interbank Bid Rate (LIBID). LIBID is the rate the same banks are prepared to accept deposits.


Friday, May 1, 2009

PenFed CD Rates Pentagon Federal Credit Union

4% CD Rates at PenFedCU Pentagon Federal Credit Union

PenFed CU, or Pentagon Federal Credit Union, is paying 4.0% on five and seven year NCUA insured certificates of deposit.

At a time the 1-year US Treasury note is only paying 0.47%, PenFed is paying nearly four times that for certificates with a 1-year term.

==> " Pentagon Federal Money Market Certificates " <==
as of 5/1/09

Term   APY

6-Month 1.75%
1-Year 2.00%
2-Year 2.25%
3-Year 3.50%
4-Year 3.75%
5-Year 4.00%
7-Year 4.00%
More information at Pentagon Federal Credit Union

For more rates and terms, see
Congress has temporarily increased NCUA share insurance from $100,000 to $250,000 per depositor through December 31, 2009.

Your Pentagon Federal Credit Union deposits are insured to at least $250,000 and backed by the full faith and credit of the United States government. National Credit Union Administration, a U.S. Government agency. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.