4.01% cd

4.01% cd

Notices

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
Closed Thread
 
Thread Tools Display Modes
4.01% cd
  #1  
Old 05-14-2018, 07:58 AM
westcoast westcoast is offline
Senior Member
 
Join Date: Sep 2008
Posts: 163
Default 4.01% cd

Has anyone look into this offer from First Financial Guarantee?

  #2  
Old 05-14-2018, 08:45 AM
l2ridehd's Avatar
l2ridehd l2ridehd is offline
Sage
 
Join Date: Dec 2007
Location: Bridgeport At Miona Shores
Posts: 3,375
Default

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.
Sponsored Links
  #3  
Old 05-14-2018, 09:20 AM
Villageswimmer Villageswimmer is online now
Gold member
 
Join Date: Feb 2011
Posts: 1,211
Default

Bankrate dot com
Specify exactly what you’re looking for.
Sadly you must beware
  #4  
Old 05-14-2018, 09:37 AM
thetruth thetruth is offline
Senior Member
 
Join Date: Mar 2018
Posts: 390
Default Sadly you must beware

Quote:
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..
Closed Thread

Tags
offer, financial, guarantee, 4.01%

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 05:33 AM.