CD Investing News

Sounds too good to be true doesn't it? This week GMAC Bank's offer for their 3.5% APY requires you to keep your money with them for 5 years.  That's right, five long years.  Still, they do offer a 3 Month, 6 Month, and a 9 Month deal with 2.3% APY.  Let's get into it.

In the past the Masters have mentioned High Yield CD's and other investments by Millennium Bank, turns out, they should be avoided if you are thinking about giving them your money or at least be aware of the risks involved.  Lets review some insight into Millennium Bank done by Business Week.

CD Rates are way down, the current environment is horrible for people who are trying to stay in cash.  National CD rates are so disgustingly low that you are better off just keeping your cash under your mattress.  Try searching Bankaholic.com for CD rates in your area, but the Masters found one decent national opportunity, let's get to it.

Losing too much in the market? Check out these High Yield CD’s for the month of November, you can look as cool as this guy:

1 Year Rates:

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.

According to the Nightly Business Report, Americans (who currently have one of the lowest saving rates in the world), are going to start saving more, due to declining home prices. Now that we can no longer think of our homes as a piggy bank or ATM machine, and Market volatility is at an all time high,  It's time to diversify your Bonds, bitches.