CD Investing News

High Yield CD offers this week are terrible, but what did catch the Masters attention was this high yield savings account offer from ING DIRECT at 1.5% APY with a no minimum balance.   The usual FDIC backing is offered on the accounts up to $250K.

BofA is offering a 2% APY CD for most states in the U.S., you have to pony up a minimum of $5,000 but it happens to be one of the better high yield CDs out there right now.

Bank of America's deal from their site - Click to go to BofA CD Ad:

If you have $100K, then you could qualify for MetLife's 3 Month CD at 1.8% APY, or 6 Months at 1.9% APY.  But if you only have $2,000 (and not a penny less) you can get MetLife's 3 Month CD at .15% APY, 6 months at .25% APY.  Wow, you can just feel the new money coming in.

Today Citibank is out with a 2.2% APY Certificate of Deposit, the only option is a 12 month deal with a minimum of $500 in the account.  It's not great, but its not half bad considering its from Citigroup (NYSE:C) and since U.S. Taxpayers own the company, you know they'll make good on the CD (but then again the FDIC loves giving over more money).

High Yield CD offers have been very weak lately, but there are two decent High Yield Savings Account deals that may be of interest fellow Masters.  This week GMAC offers a savings account deal with a 2.25% APY with as little as $0 to $500 but Addison Avenue steps it up with a 4.04% APY and a 1.01% APY Dividend Checking Account paid out monthly if you can pony up $25K for an account.

Looking to do nothing with your money yet give it to someone else to do God knows what with?  The Masters got the answer, how about the stellar new CD offerings from Fidelity, lock your money away for only 3 Months and score a .25% return, better yet 6 Months for a .51%, or sleep for a year and get a 1% return.  We'd rather listen to Michael Bolton for year than give our money to Fidelity.