Investing in High Yield CD's at 4.8 to 5.3% for 3 to 4 Months

Submitted by theStockMasters... on Mon, 12/17/2007 - 17:46

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High Yield CD News

Stock Mastery aside, with a failing economy and falling stocks, it's time to be open to all opportunities to investing, even lame CD options. But with the banks, lenders and brokerage firms needing money, there are some great deals out there. Let's look at Bank of America, TD AMERITRADE, and a few others.

The Stockmasters care the most about the 3 month and 4 month CD offers, and consider some of the 6 month, 9 month, and 1 Year options if the rates are good.

Every week we search through CD rates and only post the top performers for your review. Happy CD Investing and enjoy the articles - click to read more>>.

While some of these CD Deals mentioned in this article may no longer be offered by the various Banks and Financial firms, the most recent CD options can be found by our sponsors:

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Bank of America has a 4 Month CD (minimun deposit of $5,000) with a 4.8% APY. That's pretty damn good considering you could clock close to 5% easy without losing any sleep over it. Knowing your money is invested at the biggest bank in America vs. a brokerage firm is also comforting.

Here's their link, you may have to enter your home state - click here for BofA CD's.

TD AMERITRADE has a 3 month CD for 5.3%, how about that action! They require you to front at least $10,000. Looks like you need to fund your account by 1/11/08 to get this deal and of course you can only put a maximum of $100,000 into your account so sorry if you are loaded. This is the best CD option I found Googling around considering TD AMERITRADE should still be standing 3 months from now.

5.30% APY 3-Month CD

Here's the link for that - Click here for TD AMERITRADE CD's

Merrill Lynch is offering a 3 month CD at 5.15% APY (annual interest rate of 5.05%) and a 6 month CD at 5.15% APY (annual interest rate of 5.09%). You have to be willing to put down a minimum of $25,000, but if you got the cash, it's a good deal.

Here's the link to Merrill's CD's - click here.

Now I've never heard of IndymacBank and if you have please, follow-up with a post to this article, they offer a 4 Month CD at 5.26% with a minimum of $5,000. Hopefully they'll be around in 4 months for you to collect your IndyMac Bank Logo money, they claim to be the 7th largest savings and loan in the nation. They are a subsidiary of IndyMac Bancorp, Inc. (NYSE:IMB) and their shares trade at $6.16, then again what is E*TRADE trading at?

Here's the link for them - IndymacBank CD:

For all of these CD options, be sure to follow up with how much is FDIC insured, most of them are insured up to $100,000. There are a million fly-by-night and local banks that offer 6 and 9 month CD's but I wanted to focus on the soild financial firms offering the 3 to 4 month CD's. Do some shopping around, but stay with a reputable source, which is why I'm a bit hesitant of the Indiana Jones Bank. There are some smaller banks that offer similar 4 month CD products such as The NYCB Family of Community Banks and World Savings Bank but if it's my money I'll stick with either BofA, Merrill, or TD AMERITRADE. Why trust your money to a potential Temple of Doom, I like my money.

Other CD offers:

Old stuff

Submitted by Anonymous on Sat, 02/04/2012 - 02:18.

Wow, why is this old info still on here?

We used to cover CD deals Frequently

Submitted by Stockmaster3 on Sat, 02/04/2012 - 18:55.

Thus the tag and article type 'High Yield CD News'. However CD yields have all but dried up. Keep in mind we've been running this site since 2006 so we have a ton of outdated content.