10-year, 1-year CDs, & Blocked Ads

June 28th, 2011

I trust everyone is enjoying our new design. If not, please leave a comment with any thoughts that you have. Here are some CD rates that will hopefully brighten your day.

We are working with an institution offering a 10-year CD at 2.76% APR / 2.80% APY. (Note: Back in June it was 3.45% APR / 3.50% APY. The penalty to close is 1-year loss of interest (updated 6/29/11) 195-Days of lost interest. We would bill this in two, 5-year increments. If you take the penalty and our fee into account, your net equivalent yields are 2Y at 1.13, 3y at 1.67, and 4y at 1.94. Those rates are a bit higher then most straight CDs for those terms. Contact us or call for details.

Alostar Bank of Commerce has had a competitive rate. The 1-year was near 1% last time we checked. I did a short review if you want to check that out. Alostar Bank of Commerce Review. You can also check out our Compare CD Rates where we keep track of rates on a few of the more popular banks and credit unions.

Finally, I try to review ads that are being shown on our site and over the years have blocked quite a few for various reasons. The latest has been ads for Topicoligist.com. Their ads have been advertising CD rates anywhere from 4.00% to 6.85%. I sent an email to Google and to Topicoligist, but the ads have persisted. There is no CD rate that high. I don’t like false advertisements and I’m sure you don’t either. So if you ever come across one, please let me know.

Have a great day,
cd :O)

Image by: Image: dan / FreeDigitalPhotos.net

-- By +Chris Duncan

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