5.51% 9 and 6 Month CDs at World Savings
Mar 8, 2007 - 8:50 AM by Ken Tumin
World Savings has bumped up the rate on its in-branch CD special. It's now offering a 5.51% APY certificate of deposit. Terms vary by state. In Texas and California the term is 9 months. In New York and Florida, it's 6 months. I haven't checked the rates and terms of this special in other states. The minimum deposit is $10,000, and unlike the 5.45% internet special, it does not require new money.
There was a hint of a World Savings Secret CD special at the FW CD thread last week. A FW member mentioned that he was able to get a 5.75% 8-month CD that required a checking account at the Del Mar, CA branch. I called World's national number and another California branch, and both service reps claimed to be unaware of such a CD special.
For more information on World Savings and its current 5.45% internet CD, please refer to this post.
There was a hint of a World Savings Secret CD special at the FW CD thread last week. A FW member mentioned that he was able to get a 5.75% 8-month CD that required a checking account at the Del Mar, CA branch. I called World's national number and another California branch, and both service reps claimed to be unaware of such a CD special.
For more information on World Savings and its current 5.45% internet CD, please refer to this post.
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rate freak (anonymous) - #1, Thursday, March 8, 2007 - 4:58 PM
"A FW member mentioned that he was able to get a 5.75% 8-month CD that required a checking account at the Del Mar, CA branch."
Sounds like a Wachovia deal more than a World Savings deal. I know for a fact World does not require checking for a CD. But when it officially becomes Wachovia, well...
Banking Guy (anonymous) - #2, Friday, March 9, 2007 - 9:35 AM
This does sound very similar with that Wachovia's 5.75% 8-month CD promo in CA.
Anonymous - #3, Friday, March 9, 2007 - 2:06 PM
As mentioned in FW, the 5.51% CD is available online in both Northern and Southern California, where there are plenty of branches.
But when I put in my Oregon zip code -- where there are no branches -- it does not show up at all.
bozo (anonymous) - #4, Friday, March 9, 2007 - 9:39 PM
For those of us with laddered CDs at World Savings (and who are still a bit leery of online CDs), this bounce is good. With all the gyrations my other banks have gone through the past few months, it's nice to see World at least a bit consistent.
Frankly, I had sorta given up on them.
In all candor, though, I did move a bit to Patelco from World. Even with World's bump, you can't beat 5.75% APY these days.
PenFed is still luring me with its rates, but I prefer a local outfit.
Yours,
Bozo
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