DrXX said:RS4Rings said:Have an ING CD maturing 10/5 and had instructed to close it, but they just increased 12 Month CD to 2.10% and they give a .15% bonus for rollovers, So just went and changed instructions to now rollover. 2.25% is decent and really like ING and glad to be able to continue another yearThey also announced "Added Value CD" (12 months at 2.25%). Has to be funded with external money.
Yep, Did one already. Less than a minute to open and thats under my trust which can be a pain. ING sure makes things easy

Banking Guy posted this deal:

Link

They call it the "holding on to 29" deal.

It's an interesting one for me. I live way too far from Largo to qualify for this now. However, I became a Money One member a while back. Since then my CD matured and I withdrew my money.

HOWEVER

At a cost of a few bucks a year I decided to leave a hundred bucks in my savings account. This allows me to keep my membership intact. Thus, I am eligible for this offer (I would be an existing, and not a "new" member, under the terms).

Of course, it takes twenty-nine thousand bucks (minimum) to participate and I am broke. So I won't be going in on this. But still, I benefited from seeing this deal. It tells me I am doing the right thing keeping my membership alive. Because were I NOT already a member, I live too far away to take advantage of this, under the rules.

So I will remain a member. Maybe next time they have a special, I will have some money.

Anyone have a recommendation for an easy online bank to do CD laddering? I realize with rates what they are this might not be the best time to ladder, but I currently keep some of my money in the Ally no penalty CD and would like to ladder a little bit out as things rise (I hope). Ally sends a ton of paperwork everytime I open a new CD, which prohibits me from just opening up a few CD's every month like I'd like to do. Ideally I'd like to buy 5 $100 CD's every month from 1-5 years and just keep rolling like that. Any suggestions welcome.

This article talks about the stringing out of bank closings:

Strung Out

I am the Kiss of Death!!!!

I was out w/the grandkids yesterday and just picked up on the failure of Park National Bank. I opened 2 CDs there in Sept at good but NOT out of line rates. This is getting crazy. I have had multi-year relationships with a BUNCH of banks that have been closed:

Wachovia and several of its priors (10 years)
WAMU (1-2 years)
Corus (nearly 6 years)
Mutual Bank (3-4 years)
Bank of Lincolnwood (35+ years)
Park National (6-7 weeks)

There are probably another bank or 3 that I cannot remember with all the changes.

I have enough to open another couple CD's. Anyone want to "pay me" to kill off their least favorite bank by opening a 6-24 month account? I did open a CITI CD when I could get 2.25 and nothing has happened there - YET!! Personally, I think CITI is in some degree of trouble. Gut feeling.

Argyll said:marv

Join some credit unions.
NO NO! Don't help the credit unions fail too!

marvholly said:Actually, I do have a couple CU accounts at Patelco for 2-3 years and nothing has happened there.
Except the steep drop in the HSA Rate from 5% to 2%

marvholly said:Actually, I do have a couple CU accounts at Patelco for 2-3 years and nothing has happened there.

Except California is going bankrupt. I have to agree with Thursday's Child now. Don't join any more credit unions.

Actually its Typhoid Holly.

Argyll said:marvholly said:Actually, I do have a couple CU accounts at Patelco for 2-3 years and nothing has happened there.

Except California is going bankrupt. I have to agree with Thursday's Child now. Don't join any more credit unions.

California IS bankrupt.