What to do with your Money? High Yield CD's

CD's sound lame, but in this market, they are a great option, you won't lose your money and you'll actually make some interest.  Last week we brought you High Yield CDs for October but let's take a look at America's 'safest' banks for their rates.

BofA two CD options, 1st is a "Risk Free CD", not a bad deal, its a 9 month term at 2.50% APY, but you can withdraw funds prior to maturity without a penalty. $5,000 minimum opening balance.  The Masters really like that one because if you get a wild hair up your ass and think you want to start buying stocks again, you can do so, take the money and run without a penalty.

Here's the lowdown and links to their deals:

Risk Free CD^™ 2.50% APY²

Six months, six weeks or even six days. You can get access to your money from our Risk Free CD if you need it.

• No-fee early withdrawals³
• 9-month term
• $5,000 minimum to open

High Yield CD 3.50% APY⁴

Open a High Yield CD and maximize your savings without a long-term commitment.

• Short 7-month term
• $5,000 minimum to open

The other bank we think we'll be around in 6 months without much worry is Wells Fargo.

Here's what they are offering:

CD Rates

Masters hang in there, and as lame as investing in CD's sound, think again, at least you won't lose money.