Lock in Interest Rates Now

Many of the high-yield online accounts and CDs have made big cuts after the recent Fed rate cut. With another likely rate cut next week now is the time to lock in a decent interest rate. There are still some 5% plus interest rates out there. One is the TD Ameritrade 5.30% CD I recently posted about. Another is Amtrust Direct’s e-savings account 5.11% rate which is guaranteed for 90 days. In some states you can find 5% or higher CDs from Wachovia, Countrywide or WaMu. You need to search to find out if they’re available in your area. If you see a good deal locally you should probably act fast to lock in the rate.

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