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Monday, March 29, 2010

Good CD rates?

So, readers, what do you think of these rates from First Guaranty Bank:

2 year 2.75%
3 year 3%
4 year 3.25%
5 year 3.5%

Strangely, they don't have 1 year advertised.

Would you bite (and if so, which maturity) or would you wait?

6 comments:

simple in France said...

I haven't priced CD's lately but was planning to look again soon, in hopes that I'd find something reasonable.

Those don't look so bad to me given recent interest rates--at least based on the last time I looked, when I concluded that a CD would not be worth it! If I see something better, I'll let you know.

Shelley said...

Here in the UK, the best rates are 3.3% (1 yr), 4.1% (2 yr) and 4.6% (3 yr). My credit union is .85%, 1.4, 2.0, 2.3, and 3% (5yr). Don't know if that helps any. Presumably you've maxed out any tax sheltered accounts already?

see you there! said...

Better than what my bank or Credit Union is offering.

Thanks for reminding me to look around.

Darla

Frugal Scholar said...

@simple--I'm wondering if this is a sign of even higher rates in the near future...

@Shelley--Wonder why your rates are higher...I do not understand economics.


@seeyou--Let me know if you see anything better...

Shelley said...

Just spotted a CD update thing over on Getting Rich Slowly. I'm planning to study his financial education posts carefully!

Frugal Scholar said...

@Shelley--I just checked the list at GRS and all are far lower than the one I saw. There is a note that the rates are provided by advertisers. I appreciate that honesty. Still--the site provides the blogger with a large income through advertisements (he was making $60,000/yr a few years ago). Hence, I will seek out my own best rates!