5.06% 6-Month CD at Merrill Lynch
Feb 7, 2006 - 10:56 AM by Ken Tumin
Merrill Lynch is offering a 5.06% APY 6-month CD and a 4.58% APY 3-month CD. Both are FDIC insured. The minimum required deposit for the 6-month CD is $25K. No minimum is specified for the 3-month CD. The special requires new funds only. Offer expires 2/10/06 at 2:00 pm EST. Contact your Merrill Lynch Financial Advisor or call (888) MER-2265 Monday thru Friday 8:00 am to 8:00 pm (EST).
Credit for this deal goes to a reader who emailed me this information from an ad in today's paper.
Credit for this deal goes to a reader who emailed me this information from an ad in today's paper.
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Anonymous - #1, Tuesday, February 7, 2006 - 4:49 PM
beware of this deal, they will ask you too much infomation for marketing purpose
Banking Guy (anonymous) - #2, Tuesday, February 7, 2006 - 6:27 PM
Thanks for the info. I'm sure they hope to lure you into their brokerage products.
Based on reports from fatwallet, it looks like it can be opened easily over the phone.
thc (anonymous) - #3, Wednesday, February 8, 2006 - 4:37 PM
Anonymous: The information that Merrill gathers to open an account is required by law, it is not for marketing purposes. Securites firms are required to gather a great deal of personal financial information by NYSE Rule 405 and by the USA Patriot Act.
Anonymous - #4, Thursday, February 9, 2006 - 8:35 AM
Beware the Merrill Lynch Special CD. You also have to open up an account with them, and there is an annual fee of $40, which sure takes a bite out of the interest you'll make!
Banking Guy (anonymous) - #5, Saturday, February 11, 2006 - 4:05 PM
Looks like this 5.06% CD has been extended for another week.
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