1st deposit information

which bank is good to invest money for certificate deposit?

Lucy asked:


Any other options to invest money?
Please advise. Thank you very much.

1st deposit

Tags: Certificate Deposit, Invest Money, Options

This entry was posted on Saturday, December 26th, 2009 at 9:08 pm and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “which bank is good to invest money for certificate deposit?”

1. 1st deposit says:

   December 28, 2009 at 1:07 am

   1st deposit

   ING Direct has a good interest rate for CD’s, probably on of the highest one’s out there. you can also try EMIGRANT Direct.
2. 1st deposit says:

   December 30, 2009 at 2:05 am

   1st deposit

   Consider the Vanguard Prime Money Market Fund with a current compound yield of ~4.65% APR.

   If you are in a high tax bracket you may prefer their tax exempt money market funds:

   Sometimes other institutions will have a higher teaser rate, but Vanguard tends to have the highest yields I’ve found over the long run. (Vanguard money markets are not FDIC insured, however.)

   Article on teaser rates: =%7B0A13B6E2-FFB2-4E2B-BD42-E2D1E01C52E5%7D

   ING and HSBC often have rates close to Vanguard, and most of their products are FDIC insured. Bankrate.com provides links to CD’s with high interest rates as well as high interest rate banks. You can check these at the following links:

   (If you are investing for a long period of time and are willing to accept some volatility, you should consider putting some money into no-load low-expense mutual funds. These are not guaranteed, but over the long run produce much higher returns.)
3. 1st deposit says:

   January 1, 2010 at 10:27 pm

   1st deposit

   Check with and your local credit union.