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Thursday, November 06, 2008

Survey of Best CD Rates With FDIC Insurance

The best CD rate 1 year or less is 4.40% at Flagstar Bank & 4.36% @ GMAC Bank.

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. Also 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.)

From the "Highest CD Rate Survey + Current US Treasury Rates" at, the best CD rate is 5.00% at Capital One Bank for Terms of 7 and 10 years.

Here is the table with more rates and terms:

"Highest CD Rate Survey + Current US Treasury Rates"
Rate (APY)
(Click link for Full Rate Sheets)
Daily Savings
11/06/08 2.78%
Vanguard Prime Money Market Fund
Tax Exempt
11/06/08 1.79%
Vanguard Tax Exempt Money Market Fund
Online Savings 11/06/08 3.00
at HSBC Bank
3-Month Treasury
11/06/08 0.33%
US Treasury Rates at a glance
6 Months 11/06/08 4.15%
Excel National Bank and 4.00% at HSBC Bank
6-Month Treasury
US Treasury Rates at a glance
7 Months 11/06/08 3.00%
Wachovia Bank
1 Year
11/06/08 4.40%
Flagstar Bank & 4.36% @ GMAC Bank,
1 Year Treasury 11/06/08 1.16%
US Treasury Rates
18 Months 11/06/08 4.50%
Advanta Bank Corp
2 Years
11/06/08 4.50% GMAC Bank
3 Years 11/06/08
4.75% Intervest National Bank
3-Yr Treasury
US Treasury Rates at a glance
4 Years
11/06/08 5.00% Intervest National Bank & 4.96% @ Discover Bank
5 Years
11/06/08 5.05% Intervest National Bank & 5.00% @ Capital One
5 Yr Treasury
US Treasury Rates at a glance
7 Years 11/06/08
5.00% Pentagon Federal Credit Union
10 Yr Treasury
11/06/08 3.69%
US Treasury Rates at a glance
30 Yr Treasury 11/06/08 4.20%
US Treasury Rates at a glance

If the above text is too small to read, then read it at "Here in a larger font."

Be careful when you go to your bank and ask for their best rate. They will often use that as an excuse to sell you an annuity that sounds good on the surface, but is far more profitable for them due to the higher fees.

Make sure you read the Article: Beware of Annuities

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