BankUnited CD Rates In Florida
BankUnited in Florida is offering a 2-year special CD rate of 2.75% APY. While BankUnited was taken over by the FDIC back in May, the bank is still up and running. The new BankUnited’s FDIC charter was started on May 21, so there shouldn’t be any worries now about another closure on the bank.
While the 2 year special CD rate is one to potentially catch your eye, there are some shorter terms which you might also be interested in. There is a 12-month CD and a 1.75% APY 8-month CD for those who are looking for a short term gain.
The return on these certificate of deposits may not look as nice as other long term bank deals, so you might consider going for the 2 year at 2.75% APY. The minimum deposit on all these bank deals is $5000 dollars. This is one of the better CD rates in Florida, with branches locations in Coconut Creek, Fort Myers, Hallandale Beach, Plantation, Coral Springs, Naples, Orlando, Tampa, Miami and many other cities across Florida.
For more information on CD rates, Savings account rates, and other deposits from BankUnited, stop by a local branch and speak with a representative.
AIG CD Rates and Money Market Accounts
AIG is offering some pretty decent rates on their money market accounts available nationwide. They also have some comparable cd rates which are not as great, but nonetheless competitive. Lets take a look at the money market account currently available.
AIG Bank’s money market account has tiered rates which are nice. If you don’t want a monthly fee tacked on then you will be required to keep your balance above $2,500. Currently the money market rate is 1.76% APY for deposits of $2.5K-$10K.
You will need to start with at least $2,500 minimum deposit to open up the account. Bonuses that come with the investment are a first book of 40 checks which are free. A Visa check card which you can use at local ATM’s. If you use other bank ATM’s there is no charge from AIG but you may receive a charge from the bank you use it at.
As far as AIG CD rates go, it loks like they are a little lower than others. For a short term certificate of deposit you will get a rate of 1.86% APY. For 60 months you will get a CD rate of 3.46% APY. if you are interested in any other rates or savings accounts, you may want to check with an AIG representative.
Champion Bank CD Rates in Missouri
Champion Bank is offering several CD specials with competitive rates that caught our eye. The first being a 2.75% APY CD with a term of 11 months. Others include 13 month and 18 month terms with the same rate. There is a minimum deposit of $1,000 to qualify to open this deposit, and they are available in both regular and IRA. These rates are good as of 6/3/09.
If a Bank CD is not what you wanted to get then you might consider going for a reward checking account that Champion Bank offers at a rate of 2.25%. This rate is good for balances not exceeding $25,000.
Their main branch is located in St. Louis Missouri. If you are interested in opening other accounts with the bank you may want to see a representative. We will have more information soon on CD rates from other Missouri banks in the near future.
Ally Bank CD Rates
most people know that GMAC bank has a new name, and with that name is coming some pretty high deposit rates. Ally Bank CD rates are as high as 2.80% APY. While that may not seem huge, it is quite high for the economy we are in, and some people are questioning whether Ally Bank should be allowed to do this after all the down turn with GMAC.
The American Bankers Association’s President & CEO Edward Yingling sent a letter to the FDIC’s Chairwoman, Sheila Bair asking that Ally Bank not be allowed to have such high bank rates. Why such a fuss? Lets not forget where GMAC was just a short while ago, and where it is right now. It appears by many that the strategy of Ally bank is to work its way out of its financial crisis by quickly obtaining mass amounts of customers with the tempting Certificate of Deposits, Online Savings Accounts, and Money Market Accounts.
How will this turn out for the banking industry? Will Ally bank continue picking up new customers left and right with its new game plan despite what appears to be financial instability?
If you do get a Bank CD from Ally keep in mind you are FDIC insured up to $250,000 which means you don’t have much to worry about.
Investing In Bank CD’s
It is not likely that many investors are reaping double-digit gains on their portfolios. Most would probably be happy with a gain of any sort at this point. Still many are trying to determine stock market bottoms, the best time to buy real estate and get the best interest rate, or the best mutual fund to invest a portion of their resources. Here is a hint. You are not going to be able to determine any of those markets with any measure of certainty.
However you can realize that the reality of the economy we are in necessitates a change in investment strategy. Double-digit gains are gone and it is best to plan accordingly. Some of the best mutual funds that once returned double digits have been brought down with even strategic planning by the companies that manage them.
Stock markets will continue to be volatile and the best home mortgage rates will always go to the buyer with the best credit score. Wise investors always find a way to be consistent and that where investing in the best CD rates becomes and option.
Where To Start With CD’s
For most the best place to start with investing in CD’s is with your mindset. CD will not approach anything near what you might have gotten used to pre-recession. Accepting gains if 3-5 percent will take some adjustment. Remember you are investing for the long term and 5 percent gains that are consistent will win the race in the end. In 2008 losses in portfolios of 20-30 percent were common. That investment capital could take years to recover. Many never will recover.
How To Build a Portfolio With CD’s
Choosing which CD’s to invest your hard earned money can be challenging. All banks promote their investments as the best. You can avoid all the hyperbole by determining what your investment goals are. How much money do you have to invest? How long a term you want to invest? How quickly you can access your money on an emergency and what penalties may apply for early withdrawal.
Diversify Your CD Maturity Dates
One of the biggest mistakes made with investing is committing all that you have to one investment vehicle. Investing in CD’s is not dissimilar. Your ambition should be the best CD rate you can obtain. That being said the longer term you are willing to commit to, and the larger sum of money you can invest, the higher the rate of return.
Investing in CD’s should be a component of your strategy and you should invest with that in mind. Staggering your invests over different maturity dates will give you flexibility and present opportunities to invest in other markets should market conditions warrant.
Choose terms of 3 months, 6 months, 1 year and beyond. As your CD’s mature you can either reinvest or choose a different investment vehicle.
Choosing Between CD Offers
If a bank is offering a high rate of return on your CD , you can bet they are willing to do almost anything to get your money. Offers vary from high return teaser rates to free checking accounts and more. All this is well and good, but concern yourself with one thing. How much money you will have earned at the maturity date of your CD? Anything else is designed to attract the masses. Maintain your focus on your individual goals.
Finishing Strong
No doubt everyone want to finish his or her own investment race strong. It is important that you look at your investing goals and aspiration as a whole. Separating yourself from market fluctuations will help. Realizing that double-digit gains are a bonus and not the norm is vital to your investing success. Deciding a portion of you investing capital will be allocated to CD’s will help you to weather all the inevitable storms financial markets inevitably offer.
Progressive Credit Union CD Rates in New York
Progressive Credit Union has some of the highest CD rates in New York right now, and when you compare them with the average, they are well above par. Three of the great short term rates they are offering include a 3.91% APY 6 month CD, a 4.18% APY 15 month CD as well as a 4.22% APY 24 month CD.
Hopefully you know of someone that already is a member at this Credit Union because in order to be a member you must be referred by someone. In addition a Membership requires a $10 deposit and a $2.50 membership fee. This is a small Credit Union, sothis is probably the reason they have thee strict policies.
The bank rates mentioned earlier in this post are good as of 2/27/09 and are among the top cd rates in the nation. If you have any more questions regarding checking or savings accounts with Progressive Credit Union in New York, feel free to speak with a Credit Union Rep to assist you further.
Gmac CD Rates
While Gmac Bank has received nothing but bad news in the last 6 months, its interesting to find that just as many people are looking for their CD rates as well as how they are performing. Currently Gmac has a 2.90%APY listed on their homepage as of 2/26/09.
This is a little low compared to other banks right now, but if you were with Gmac bank or are planning on opening a CD with Gmac i’m sure you are wondering if it is safe or not. If a bank is FDIC insured then it doesn’t matter if the bank goes under, whatever amount of money you have invested within the $250,000 limit is safe.
For those looking at opening a savings account with Gmac bank you might like to know that their current rate is 2.75% APY which is not too bad at all. For further information check with a Gmac bank representative on current checking account rates as well as online banking.
