6 Percent Certificate of Deposit Updates

POSTED ON WEDNESDAY, AUGUST 16, 2006 BY Ken Tumin

I've confirmed at my local Washington Mutual branch that you can also get a 6.00% APY 18-month certificate in addition to the 13-month. The 18-month CD doesn't require new money. As I mentioned in my previous post, WaMu is not offering 6% for these CDs in all states.

A reader informed me today that the Bank of Goochland in Virginia is still offering a 6.00% APY 24-month CD. I first reported on this special on July 19th. They do take out-of-state deposits. I was told that you can wire the funds and fax a letter of direction to facilitate account opening. The bank will then mail a signature card for you to get notarized.

Another reader mentioned that the Peoples First Community Bank in Florida has extended their 6% APY 15-month or 30-month CD special from August 11th to August 18th. To open an account at this bank, you must be present at a bank branch.

World Savings' 6.01% APY 9-month CDs are still available until August 26th. This is an in-branch special (see post). For those who don't live near a branch, you can open a 5.91% APY 13-month CD online at World Savings' website.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.

Comments

Sort by Date | Sort by Votes

5 Comments.

Anonymous | Aug 16, 2006 | Comment #1

Just made a CD deposit at World Savings, 6.01% 9mo. Thanks to your Blog I now have 4 unadvertised special CD's and no problems getting the bank accept the rate.

procol | Aug 17, 2006 | Comment #2

I'm having trouble geetting IRA money into these deals, the banks say no.

Wamu told me they won't accept an IRA rollover into the 6% CD.

I can't understand why they would turn away the deposit.

Anonymous | Aug 18, 2006 | Comment #3

I'm having trouble geetting IRA money into these deals, the banks say no

looks like digital credit union will do an IRA with the special rate
https://www.dcu.org/whatsnew/savingsratesup.html

Anonymous | Dec 8, 2006 | Comment #4

BTW, I believe Addison Avenue's HIGHEST CD interest rate is for their SHORTEST length CD term. Last I checked, 5.30% for 3-month CD. I thought the longer the term, the higher the rate?

Here is the link:

https://addisonavenue.com/promo/CD/5.30APY3-monthCD.asp?linkid=b

Banking Guy | Dec 8, 2006 | Comment #5

5.30% is pretty good for a 3-mo CD. Many credit unions and banks are coming out with higher rates for the shorter term CDs than the longer term CDs (inverted yield curve). There's strong expectations for a slowing in the economy and lower interest rates next year. The only reason to take a lower rate on a longer term CD is to lock in the rate in expectations that rates will fall.

Popular Posts