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Originally Posted by westcoast
Has anyone look into this offer from First Financial Guarantee?
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So many finacial offers are designed to deceive. You want to know how often it compounds. Even the quoted rate after compunding is a bit misleading. As I recall reading many years ago it figures one interest payment that you do not receive. I also seem to recall that FDIC insurance insures only your principle not the interest.
We do some research and are attracted by the highest number. Realize that the quoted 4.01 is 40.10 per 1,000.
So a,"MUCH LOWER," 3.98 is 39.80. DIFFERENCE THIRTY CENTS ON $1,000. Oh and you will pay your top tax bracket on any interest you are paid.
We do not know your motive. Your tax situation ETC.
DEPENDS, OPTIONS- a money market fund with FREE CHECKING, tax free bonds are all options and just like bank CDs their interest rates are rising..