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My Top 3 CD Rates of the Week

Category: CD Rates- gotalkmoney.com- 3:16 pm/ February 12, 2008

For the past few weeks, the CD rate market has taken a hit and there’s no sign yet when the rates are going to pick back up.  Even though the rates are still dropping little by little each week, this doesn’t mean there aren’t good deals for the week –

Below are my top three CD rate deals of the week.  If you’re thinking about investing in a CD, I would highly recommend it right now before they drop another few points next week.  This has been the going trend for the past 2 months.

6 Month – ING Direct - $1 minimum – 3.65%

If you have no money to invest, this is the lowest minimum on the market today.  It’s very rare to see $1 as the minimum.

6 month – Countrywide – 4.15%

This is still a great rate for a low rate market.  Even though Countrywide is on the brink of a bankruptcy, it shouldn’t stop you from investing with them.

3 month CD – Downey S&L - $500 minimum – 3.70%

My advice with CD rates right now is to avoid the long term, the rates will pick up.  Just take a look back at history and you’ll see.  In the meantime, Downey S&L Bank is offering a fantastic 3.70% 3 month CD.  The previous post goes into detail about Downey S&L Bank.

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