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Sunday, December 09, 2007

Highest Yielding Certificates of Deposit

Yesterday Bob Brinker recommended a caller consider CDs rather than US Treasury Bonds or notes because CDs are paying better rates.

A 3-month Treasury Bill currently pays 3.07%, the 5-year note pays 3.50%, the 10-year bond pays 4.11% and the 30-year T-Bond pays 4.57%

From the Highest CD Rates Survey at forbestadvice.com, the best CD rate is 5.45% at Countrywide Bank for 3 months

Below are some more rates, terms and where to get the CDs

6 Months
5.35% at Countrywide Bank

1 and 2 years
5.21% at Apple Bank for Savings (Scarsdale NY)

3 years
5.00% at Capital One Bank, Eastern Savings & Flagstar Bank

5 years
5.26% at Apple Bank for Savings

7 and 10 years
5.10% at Capital One Bank

CDs are also paying better rates than iBonds which currently pay 4.28% (I-Bond Details)



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