What to do with your Money? High Yield CD's
Posted October 8th, 2008 by theStockMasters...
CD's sound lame, but in this market, they are a great option, you won't lose your money and you'll actually make some interest. Last week we brought you High Yield CDs for October but let's take a look at America's 'safest' banks for their rates.
BofA two CD options, 1st is a "Risk Free CD", not a bad deal, its a 9 month term at 2.50% APY, but you can withdraw funds prior to maturity without a penalty. $5,000 minimum opening balance. The Masters really like that one because if you get a wild hair up your ass and think you want to start buying stocks again, you can do so, take the money and run without a penalty.
Here's the lowdown and links to their deals:
Risk Free CD™ 2.50% APY2
Six months, six weeks or even six days. You can get access to your money from our Risk Free CD if you need it.
- No-fee early withdrawals3
- 9-month term
- $5,000 minimum to open
High Yield CD 3.50% APY4
Open a High Yield CD and maximize your savings without a long-term commitment.
- Short 7-month term
- $5,000 minimum to open
Here's what they are offering:
CD Rates
| Special Offers | |||
|---|---|---|---|
| CD Term | APY | Minimum Deposit Amount | |
| 7 months (Renews for 6 month term) |
3.00% | $5,000 | Open Now |
| 13 months (Renews for 12 month term) |
2.85% | $5,000 | Open Now |
| 18 months (Renews for 12 month term) |
3.25% | $5,000 | Open Now |
| 25 months (Renews for 24 month term) |
3.50% | $5,000 | Open Now |
| 7 months (Renews for 6 month term) |
3.00% | $10,000 | Open Now |
| 13 months (Renews for 12 month term) |
2.85% | $10,000 | Open Now |
| 18 months (Renews for 12 month term) |
3.25% | $10,000 | Open Now |
| 25 months (Renews for 24 month term) |
3.50% | $10,000 | Open Now |
| 7 months (Renews for 6 month term) |
3.00% | $25,000 | Open Now |
| 13 months (Renews for 12 month term) |
2.85% | $25,000 | Open Now |
| 18 months (Renews for 12 month term) |
3.25% | $25,000 | Open Now |
| 25 months (Renews for 24 month term) |
3.50% | $25,000 | Open Now |
Masters hang in there, and as lame as investing in CD's sound, think again, at least you won't lose money.
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