- North Carolina
"If you are looking at any of those eleven triple A rated states, then you are looking at good paper."Brinker said states with AA ratings "can be held in a portfolio" if they maintain those ratings. He said he would not worry about owning any of these and he personally owns GO bonds from Virginia and Georgia.
- New York
- New Jersey,
- "I would avoid. I would not purchase in terms of their municipal securities."
"Generally speaking" of the other 33 states "you are probably OK."
You can get an idea what different banks are paying for CDs and savings accounts for various amounts by using the rate tool here. I use American Express in my newsletters because it is available to everyone and it is "too big to fail." It is also simple to calculate returns each month for American Express since there are no restrictions to complicate the calculation.
You can often find better deals with more restrictions such as the 1.3% at Capital One plus 10% bonus and up to $60 credit detailed here, but you have to be a member of Costco. If you are not a member of Costco, CapitalOne Bank is advertising 1.25% plus a 10% bonus.
Bob's Guest was Perry Mehrling, author of The New Lombard Street: How the Fed Became the Dealer of Last Resort