I just read on BestCashCow that Indymac has raised its rates on Certificates of Deposit and Money Market Accounts. They are now offering a very competitive rate of 5.55% on 1 year and 5 month CDs. Considering that it's very likely that the Fed will drop rates shortly, I think the 1 year CD may be a better deal, but that's just my opinion. You need to make a minimum deposit of $5,000 to get this rate.
Their money market rate rose to 5.75% which is just 25 basis points from the market leader FNBO and 26 basis points from Everbank's promotional rate (a basis point is equivalent to 1 percentage point).
Monday, August 13, 2007
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About Me
- Mr. Saver
- For some strange reason I like to talk about rates. The Internet is changing the name of the game and I like following what is happening. Who would have thought banking could be fun.
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