3-month CD @ 5.15%...

[HammerDown]

zero risk...worth doing on $150.000 ?

[truksnboats]

wow, who is offering that rate? If i had 100k laying around I would be on that.

[truksnboats]

World Savings is offering 5.3% for a 5 month

[HammerDown]

wow, who is offering that rate? If i had 100k laying around I would be on that.
My local Wachovia, I told them I was going to pull one of my accounts unless they could do something for me. The above is what he came back with, I had hoped for a bit more.
From the PM sent >Right now don't think I want to lock it up for more than 3 months at at time.

[carbonmarine]

GREAT ... Were all almost back in business again ! ** Money is actually getting little more expensive... All those nice, new homes in and the not so nice in Havasu will start a lose'in proprietors in a few quarters ( BTW: Boats will be had a lil cheaper too ! ) ....
:cool:

[OGShocker]

A little known banking law allows you to invest in a CD and withdraw any or all of you money WITHOUT penalty after as little three weeks. I have two accounts in one year CD's at 4.5 and 5.2%. I have access to them at anytime.
Good Luck!

[Outnumbered]

http://www.bankrate.com/brm/rate/high_ratehome.asp?params=US,416&product=22
Seems pretty good if that is what your risk threshold is. The link above shows some competing jumbo 3 month CDs. Looks like you have about a .25 advantage to most.

[cdog]

Why lock your money up for any time period? Unless the rates are 1-2 % higher than the savings rate. Here's a link.
http://www.hsbcdirect.com/1/offer.htm?code=PPYA850000&WT.mc_id=HBUS_PPYA850000&WT.srch=1
I throw my interest earnings into stocks. The $60 diff. a month is worth having access to the $$$ if you need it.

[NautiTwins]

My local Wachovia, I told them I was going to pull one of my accounts unless they could do something for me. The above is what he came back with, I had hoped for a bit more.
From the PM sent >Right now don't think I want to lock it up for more than 3 months at at time.
Read OG's reply.

[cdog]

A little known banking law allows you to invest in a CD and withdraw any or all of you money WITHOUT penalty after as little three weeks. I have two accounts in one year CD's at 4.5 and 5.2%. I have access to them at anytime.
Good Luck!
Do you have a link to that law? I'd like to see it. Thanks.

[ChumpChange]

A little known banking law allows you to invest in a CD and withdraw any or all of you money WITHOUT penalty after as little three weeks. I have two accounts in one year CD's at 4.5 and 5.2%. I have access to them at anytime.
Good Luck!
By saying "without penalty", are you referring to the fact that you will not lose any principle invested? If so, that is correct but you will forfeit the interest.
If you are stating that you will not forfeit the interest earned in that time, please detail.

[OGShocker]

Do you have a link to that law? I'd like to see it. Thanks.
Looking now...BRB

[Mandelon]

I'll pay you 8%, but there's a little more risk.....

[ChumpChange]

I'll pay you 8%, but there's a little more risk.....
How about...I'll take an equity position in the transaction? You ever give those away?

[HammerDown]

Looking now...BRB
Waiting... :rollside:

[OGShocker]

Waiting... :rollside:
I am still looking for the regulation. It states "A lender MAY choose to fore go interest penalties for long term customers". The regulation defines "long term" as one year or longer.
I had to call my banker for that much, she is looking for the actual regulation as I type this.
Sorry for the delay. :rollside: :)

[ChumpChange]

I am still looking for the regulation. It states "A lender MAY choose to fore go interest penalties for long term customers".
Is it "May"' or "Must"? That's a big difference and doesn't necessarily require a regulation for it.

[OGShocker]

Is it "May"' or "Must"? That's a big difference and doesn't necessarily require a regulation for it.
May. I think I even put it in ALL CAPS..:D
Have a good weekend.

[YeLLowBoaT]

FDIC only covers you for 100k per deposit... so that would be the max I would put it at a time. You can with draw your money any time from a cd, you just lose all of the intrest it has earned.

[Wet Dream]

Where did you find that? I've got one sitting at 4.75% on 13 months, and a few others for shorter terms and of course lesser %. If you can get that kind of rate and $150k, I would drop 2 of them at 75k each, to make sure you are FDIC insured. At that, its about $1200 you made in 90 days?

[OGShocker]

Where did you find that? I've got one sitting at 4.75% on 13 months, and a few others for shorter terms and of course lesser %. If you can get that kind of rate and $150k, I would drop 2 of them at 75k each, to make sure you are FDIC insured. At that, its about $1200 you made in 90 days?
If you research your bank, FDIC is truely not a requirement. IMHO

[YeLLowBoaT]

Thats true you don't "need" fdic, but With how every one ( or so it seems) is "cooking" the books, it can't hurt.
I work way to hard to risk my money like that.