Once Again CD Rates Drop...

This week a number of high paying short term CD rates dropped while Credit Unions continue to offer a substantially higher interest rate. The highest paying ING DIRECT CD is now only 5.10% and GMAC Bank's highest paying CD is only 5.25%

Again, if you find a good rate on a CD, LOCK IT! You might be interested in Citibank's 5.50% 6 month CD or check out some of your local credit unions. For example, in Maryland, Mid-Atlantic Credit Union is offering a 6.00% 13 month CD!

Look into the E-LOAN high yield savings account that is currently paying 5.50% on balances over $5000 and 5.25% for balances under $5000.