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Savings Rates

May 10th, 2008 at 07:11 pm

We had a CD that was maturing tomorrow (Sunday). Since our bank is open on Saturday mornings and their computers were operating as if it was Monday already (since Monday is their next business day), we were able to go in today and get the CD closed without incurring any interest penalty. That was nice and convenient.

What was not so nice was waving buh-bye to the nice 5.3% APY we had on that CD!

I wonder when we will see rates like that again ... Can't happen soon enough as far as I'm concerned!

Oh well, I should count my blessings.

- Our Wachovia MMA has an APY of 4.75% that is locked in for about another 7 weeks.

- DH pushed me to open a 10-yr CD back in Nov ... I was a bit resistant at the time, but now am grateful for the 5.91% APY on that one

- And of course the fact that we have money in the bank at all ... That is certainly a blessing!

4 Responses to “Savings Rates”

  1. Laila Says:

    Ooh those are really nice rates! I was looking into CDs and the highest I found was 3.30%

  2. littlemama Says:

    My oldest son put most of his $ in a one year CD earning 5.4% right before the rates started to fall.

  3. Ima saver Says:

    I am going thru the same thing. I just renewed one for 4.% for a year and one for 3.6%.

  4. Aleta Says:

    Those were great rates. When my CD's have matured, they continue earning interest until I redeem them. My interest is always more.

    Know what you mean by the rates. We were getting 4.50 APR in the money market for 6 months and got a new rate of 3.75 APR until June and then who knows.

    I locked a few CD's for 5.05 and 5.25 APY until the end of August. Then again who knows.

    I think that was very smart on your part to get that 10 year rate. That's actually a very good return on your money.

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