Net Worth Update: Financial Snapshot Jan 1st

Ouch! December was a tough month. I was a little too generous this holiday season. Oh well! I can't be Mr. Scrooge all the time. Besides $630 of my credit card debt is for the PS3 I bought for my brother's birthday which is coming soon. My goal for this year is to save a lot more and I am going to work hard to do this. By the way, if anyone knows where I can get a Wii let me know! (Not eBay... a regular store). Personal experience, Wii seeker mislead me and I waited in the cold for 16 hours only to find out Best Buy had no Wii shipment coming in. And, oh! They have the most rudest staff, that's the case in most Best Buy's here on the east coast.

AmTrust Direct CD Rates

AmTrust Direct's e-money market account is currently paying 5.30% and their CD rates are not that bad either.
Minimum deposit to open and earn interest: $1,000.00
Compound frequency: Daily

CD Term	Interest Rate	APY
6 MONTH PROMO CD	5.317%	5.46%
9 MONTH PROMO CD	5.270%	5.41%
12 MONTH PROMO CD	5.270%	5.41%
18 MONTH PROMO CD	5.023%	5.15%
24-MONTH PROMO CD	4.927%	5.05%
30 MONTH PROMO CD	4.927%	5.05%
36-MONTH PROMO CD	4.880%	5.00%
60 MONTH PROMO CD	4.975%	5.10%

Indymac Bank CD Rates

As CD rates drop across the board, Indymac Bank has substantially better rates than most. Here is a look at their Internet CD Rates:

Term		Interest Rate		APY

3 Month		5.31%		5.45%
5 Month		5.21%		5.35%
6 Month		5.31%		5.45%
7 Month		4.93%		5.05%
9 Month		5.07%		5.20%
1 Year		5.12%		5.25%
18 Month		4.88%		5.00%
2 Year		4.69%		4.80%
3 Year		4.69%		4.80%
4 Year		4.69%		4.80%
5 Year		4.69%		4.80%

Product Features and Requirements
·	Minimum to open is $5,000 (Internet Only).
·	Terms are from 90 days to 5 years.
·	For customized terms, other than those listed above, please call our Customer Contact Center.
·	Interest is compounded daily and paid or reinvested into the account monthly or at maturity. The interest rate depends on the term of the CD.
·	A penalty will be assessed for early withdrawal.
·	For your convenience, your CD renews automatically for the same term at the current rate at that time.

Happy Holidays!

Happy Holidays to all!

GMAC Bank Rate Drop

GMAC Bank's online savings account rate dropped from 5.25% to 5.20%. Their CD rates dropped as well.