4.01% cd

4.01% cd


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4.01% cd
Old 05-14-2018, 07:58 AM
westcoast westcoast is offline
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Join Date: Sep 2008
Posts: 163
Default 4.01% cd

Has anyone look into this offer from First Financial Guarantee?

Old 05-14-2018, 08:45 AM
l2ridehd's Avatar
l2ridehd l2ridehd is offline
Join Date: Dec 2007
Location: Bridgeport At Miona Shores
Posts: 3,379

They are a CD locator and try to find you the best available CD rate for a fee. Usually these are promotional rates and have a lot of restrictions. Amount you can deposit, length of term and other type restrictions. If you have a small amount of money that you need to park for a short time they might work OK for you.

For myself there are lots better options out there. An example would be AT&T stock paying a dividend of 6.19% at it's current price and being as it's near it's low, also has upside growth potential.

If you require a 100% safe investment then the 10 year treasury at 3% is probably the best solution.
Life is to short to drink cheap wine.
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Old 05-14-2018, 09:20 AM
Villageswimmer Villageswimmer is offline
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Join Date: Feb 2011
Posts: 1,226

Bankrate dot com
Specify exactly what you’re looking for.
Sadly you must beware
Old 05-14-2018, 09:37 AM
thetruth thetruth is offline
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Join Date: Mar 2018
Posts: 414
Default Sadly you must beware

Originally Posted by westcoast View Post
Has anyone look into this offer from First Financial Guarantee?
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..
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offer, financial, guarantee, 4.01%

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