Top No-penalty CDs July 1, 2009
If you're afraid of the long term commitments of CDs or just inexperienced, take a look at a type of CD called No-Penalty (No-Penalty CDs are also known as liquid CDs or bump-up CDs). Traditionally No-Penalty CDs have a bit lower APY than regular CDs, but with such difficult financial times and if your job may be at risk, it's a perfect way to invest. Here is a rundown of some No-Penalty CDs by months:
Ally Bank’s New No-Penalty CD
Together with the introduction of the new Ally Bank (formerly GMAC Bank) is the launch of a new CD that doesn't charge a fee for early withdrawal, aptly called the No Penalty Certificate of Deposit.Ally Bank's new product offering is being touted as a CD that doesn't let you "jump through hoops" for an early withdrawal. The salient features of the No Penalty CD are:
Merrill Lynch, Morgan Stanley Battle Independent Brokerages For Wealthy Investors
U.S. Bank Acquires FBOP Corporation’s 9 Failed Banking Subsidiaries
Assessing the Impact of the FDIC’s Temporary Liquidity Guarantee Program
FDIC Chairman Shelia Bair on The State of American Banking – Summary and Analysis
Citibank Credit Card Interest Skyrockets In Anticipation of Federal Regulation
Commerce Bank of Southwest Florida Fails, Becomes 123 Bank to Close in 2009
ING Direct Black Friday Special: Save ‘Til You Drop
Savers Left With Fewer Options as Hudson City Savings Lowers Top CD Rates
Wells Fargo Settles $1.4 Billion Lawsuit Regarding Auction-Rate Securities
‘Too Big To Fail’ Firms May Be Broken Down To Smaller Size
