Which bank have the best interest rate now?

NEW -> Contingent Buyer Assistance Program
[quote author="lendingmaestro" date=1207377050]IMB is going out of business by the end of the year. See my previous post; there is a reason for the high interest rate.</blockquote>


I have a money market account with IndyMac and am concerned about that as well.

Was thinking about opening up one with Countrywide but not sure if they?re in better shape either.

My Citibank bank Ultimate Money Market is sub 3%

Thought about Evergreen and Zion but they don?t have any local branches that I know of, so I'm fearful.
 
I think Countrywide is in better shape ten given the BOFA deal. Zion is a pain in the butt to work with. Gotta send a form to get electronic transfers. I opened the Desert Money Market there, and the rate is decent at 3.4%, but Countrywide kills that.



I just finished moving almost all of my cash at VirtualBank.com (their rate went sub 3%) and Etrade over to Countrywide Bank. Got an indy for me, an indy for the wifey, and a joint there so we can park up to $300K FDIC insured.
 
Thanks Ipop!

Countrywide offers a nice yield and seems "stable" in terms of parking some cash short term.

Why are the yields on CDs down?

They pay almost the same yield as a money market account.
 
I saw the rate over the weekend for IndyMac Bank....how safe are they? and how easy is it to open an account with them?
 
[quote author="tenmagnet" date=1207628746]Thanks Ipop!

Countrywide offers a nice yield and seems "stable" in terms of parking some cash short term.

Why are the yields on CDs down?

They pay almost the same yield as a money market account.</blockquote>


No idea ten my man... I don't follow CD yields. Like to keep my down payment fund liquid in the event a good buy op comes up.
 
I just sold my condo and parked proceeds in an online saving account with Wamu getting 3.30% I know that I could go with a CD at 4ish % but I want to be liquid to potentially buy this year.... but does anyone have any concerns about Wamu and its financial strength? I keep seeig all of this FDIC talk... but it seemed to me that Wamu is unlikely to fail... on the other hand, Countrywide Bank seems a little more risky for uinsured deposits...
 
[quote author="tulip" date=1207633666]I saw the rate over the weekend for IndyMac Bank....how safe are they? and how easy is it to open an account with them?</blockquote>


It was actually the easiest CD I've ever opened... very simple... just stay under the FDIC limits!!!
 
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