Amboy Direct

If you are in the camp that believes 3-Month Treasury rates will hold/go higher, this may be a reasonable investment to consider. Here is a summary from the Amboy Direct web site. Earn More with a Variable Rate CD Typical Certificates of Deposit (CDs) come with a fixed rate. In periods of diminishing rates, it may be attractive to lock in a rate before they decline further. But if you think rates may go up in the future, our 2-Year Treasury Index CD comes with a variable rate that is adjusted on a quarterly basis! Your rate is indexed to the Wall Street Journal 3 Month Treasury rate plus a 0.50% margin. As this index rate moves, so does the rate on your CD. Variable rate Indexed to 3 Month Treasury Rate + 0.50% Open with just $100 Add funds during first 30 days FDIC Insured By the way, this CD is available nationwide as addressed in this FAQ question and answer. Do I need to be a New Jersey resident to open a Treasury Index CD? No

I no longer live in NJ and don't have an account there anymore, but I'm still on their email list. If anyone understands this deal, you're better than me! "3.25% six month bonus interest rate on $1 - $100,000 with a combined annual percentage yield (APY) of 2.39%; $100,000-$250,000 earns between 2.39% and 1.35% APY. Non-bonus APYs may change daily. Fees may reduce earnings. NJ residents only. One offer per new Amboy Direct household. Offer may be modified at any time without notice. $1.00 to open, $250,000 maximum. Not available at Amboy branches. Member FDIC."