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	<title>Jumbo CD Investments, Inc. &#187; trust fund deposits</title>
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		<title>Institutional CD Rate</title>
		<link>http://www.jumbocdinvestments.com/cd_rates_blog/2010/04/institutional-cd-rate/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=institutional-cd-rate</link>
		<comments>http://www.jumbocdinvestments.com/cd_rates_blog/2010/04/institutional-cd-rate/#comments</comments>
		<pubDate>Thu, 22 Apr 2010 15:25:12 +0000</pubDate>
		<dc:creator>ChrisCD</dc:creator>
				<category><![CDATA[Bank CD Rates]]></category>
		<category><![CDATA[bank deposits]]></category>
		<category><![CDATA[pension fund deposits]]></category>
		<category><![CDATA[trust fund deposits]]></category>

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		<description><![CDATA[We&#8217;ve got some really good specials today and they will probably last a few days at least. Problem is it is only available for other Banks and Credit Unions. The Bank is FDIC insured and has a 3-Star Bauer Rating. They don&#8217;t want to deal with the CIP info that would be necessary for corporations [...]]]></description>
			<content:encoded><![CDATA[<p>We&#8217;ve got some really good specials today and they will probably last a few days at least.  Problem is it is only available for other Banks and Credit Unions.  The Bank is FDIC insured and has a 3-Star Bauer Rating.  They don&#8217;t want to deal with the CIP info that would be necessary for corporations or individuals.</p>
<p>We do have a fee, but even taking that into account, the rates are well above other things we are seeing.</p>
<p>This would be great for Bank trust departments managing pension funds, retirement accounts, etc.</p>
<p>Rate is great for credit unions that have excess cash on hand.</p>
<p>There is a <strong>$200K minimum</strong>, but sometimes they&#8217;ll let us send $100,000.</p>
<p><strong>Rates:<br />
2Y &#8212; 2.25%<br />
3Y &#8212; 2.75%<br />
42M &#8212; 3.00%<br />
4Y &#8212; 3.00%<br />
5Y &#8212; 3.50% (only a 6-month Early Withdrawal Penalty)</strong></p>
<p>So call us at 800-234-4605 or refer someone.  We&#8217;ll pay $50 for a successful referral.  Mention this blog post and receive a 20% discount on our fee.</p>
<p>cd :O)</p>
<p><a href="http://jumbocdinvestments.com/cd_rates_blog/2010/04/cd-rates-around-the-nation/">CD Rates Around the Nation</a></p>
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