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Certificates of Deposit
Best Current Rates
CALL
1-800-351-4494 or
1-888-CDRATES
Last Updated
05/08/08
See 7.75% Callable CD
tied
to the
Interest
Rate Yield Curve
FIXED
RATE JUMBO CDs
Jumbo CDs are FDIC insured and placed directly at
banks nationwide. The depositor wires the funds to the bank. Interest and
paperwork are sent directly to the depositor. These CDs are neither sellable
nor callable and may have a substantial penalty for early withdrawal. Some
banks have extra identification requirements or impose special conditions
such as deposits limited to personal, business or institutional accounts.
Many banks are now restricting their best Jumbo CD rates to institutional
and corporate accounts only. Rates for other amounts, banks without restrictions
and/or other ownership categories are available upon request. FISN earns
a placement charge on every deposit, paid either by the bank or the depositor
for the service. Jumbo CDs are not an eligible investment for IRA Accounts
through FISN.
| CD Term |
Current
CD Rate |
Theoretical
APY |
Minimum
Deposit |
Interest
Payment |
|
0.5 Yrs
|
3.60%
|
3.66%
|
$99,000
|
Monthly
|
|
1.0 Yrs
|
3.80%
|
3.87%
|
$99,000
|
Monthly
|
|
1.5 Yrs
|
3.66%
|
3.72%
|
$99,000
|
Monthly
|
|
2.0 Yrs
|
3.93%
|
4.00%
|
$99,000
|
Monthly
|
|
3.0 Yrs
|
4.20%
|
4.28%
|
$99,000
|
Monthly
|
|
4.0 Yrs |
4.25% |
4.33% |
$99,000 |
Monthly |
|
5.0 Yrs
|
4.65%
|
4.75%
|
$99,000
|
Monthly
|
| 10.0 Yrs |
4.93% |
5.04% |
$99,000 |
Monthly |
FIXED
RATE CALLABLE CDs
Callable CDs are FDIC insured and pay interest at
a fixed rate over the life of the CD. At the end of the non callable period,
the CDs may be called for the full amount of the deposit. When called,
the bank returns the deposited amount with interest. If not called, the
CD remains callable. Only the bank can exercise a call,
not the depositor. Early withdrawals are not permitted but these CDs can
be sold or can be redeemed fully upon the death of an owner or co-owner.
CDs sold prior to maturity are subject to market conditions and could result
in a loss. These CDs are held in a brokerage account and there is no placement
fee. Eligible for both IRA Accounts
&
401K Rollover
to IRA Accounts.
Typical
CD Disclosure Statement
Non
Callable
CD Term |
Possible
CD Term |
Current
CD
Rates |
Theoretical
APY |
Minimum
Deposit |
Interest
Payment
|
| 0.5 Yrs |
7.5 Yrs |
5.10% |
5.22% |
$50,000 |
Monthly |
| 1.0 Yrs |
10.5 Yrs |
5.25% |
5.38% |
$50,000 |
Monthly |
| 0.5 Yrs |
15.5 Yrs |
5.50% |
5.58% |
$25,000 |
Semi-Annual |
| 0.5 Yrs |
15.0 Yrs |
5.75% |
5..90% |
$50,000 |
Monthly |
| 0.5 Yrs |
20.0 Yrs |
6.00% |
6.09% |
$50,000 |
Semi-Annual |
| 0.5 Yrs |
20.0 Yrs |
7.75%
Interest is paid quarterly for every day the 30Yr Constant Maturity Swap (CMS)
Rate is greater than the 10Yr Constant Maturity Swap (CMS) Rate (Positive Yield
Curve). If the 10Yr CMS Rate is greater than the 30Yr CMS Rate on any day
(Negative Yield Curve) no interest is accrued for that day. Full 7.75%
rate guaranteed for first year if not called. FDIC Insured.
Disclosure |
7.98% |
$25,000 |
Quarterly |
STEP-UP
BONUS RATE
CALLABLE CDs
Step-Up Bonus Rate Callable CDs are FDIC insured
and pay interest at a fixed rate for each period and then step-up to a
new, higher rate of interest for the next period. At the end of the non-callable
term, the CDs may be called for the full amount of the deposit. When called,
the bank returns the deposited amount with interest. If not called, the
CD remains callable every 6 months thereafter. Only the bank can exercise
a call, not the depositor. Early withdrawals are not permitted but these
CDs can be sold or can be redeemed fully upon the death of an owner or
co-owner. CDs sold prior to maturity are subject to market conditions and
could result in a loss. These CDs are held in a brokerage account and there
is no placement fee. Eligible for both IRA
Accounts & 401K Rollover
to IRA Accounts.
Non
Callable
CD Term |
Possible
CD Term |
Step
Up
Periods
|
Step
Up
Interest Rate
Per Period |
APY
Per Period |
Interest
Payment
|
| 0.5 Yrs |
5.5 Yrs |
Yr 1-2
Yr 3-5.5
Average |
4.00%
5.25%
4.80% |
4.04%
5.06%
4.86% |
Semi-Annual |
| 0.5 Yrs |
6.0 Yrs |
Yr 1-2
Yr 3-4
Yr 5-6
Average |
4.00%
5.00%
6.00%
5.00% |
4.04%
5.06%
6.09%
5.06% |
Semi-Annual |
| 0.5 Yrs |
9.0 Yrs |
Yr 1-3
Yr 4-6
Yr 7-9
Average |
5.00%
5.50%
6.00%
5.50% |
5.06%
5.58%
6.09%
5.58% |
Semi-Annual |
| 1.0 Yrs |
20.0 Yrs |
Yr 1-5
Yr 6-10
Yr11-15
Yr16-20
Average |
5.25%
6.00%
6.75%
7.50%
6.38% |
5.32%
6.09%
6.86%
7.64%
6.48% |
Semi-Annual |
| 1.0 Yrs |
15.0 Yrs |
Yr 1
Yr 2-15
|
STEEPENER CD
In the first year 10.50% is fixed and paid quarterly.
In years 2 - 15 the interest rate is reset & paid
quarterly based on the Steepener formula. The formula rate is 30 x the
difference between the 30Yr Constant Maturity Swap (CMS) Rate and the 10Yr
Constant Maturity Swap (CMS) Rate with a cap of 25%.
Interest is paid for the quarter if the 30Yr
Constant Maturity Swap (CMS) Rate is greater than the 10Yr Constant Maturity
Swap (CMS) Rate (Positive Yield Curve) on the observation date 2 business days
before the start of the quarter. No interest is paid for the entire quarter if the 10Yr CMS Rate is greater than
the 30Yr CMS Rate on this observation date (Negative Yield Curve).
10.50% rate guaranteed for first year.
FDIC Insured.
Disclosure |
$25,000 |
Quarterly |
FIXED
RATE, FIXED TERM CDs
Fixed Rate, Fixed Term CDs are held in a brokerage
account. These FDIC insured CDs are sellable in the market by the depositor
but not callable by the bank. The minimum is $25,000 and the maximum is
the FDIC insurance limit of $100,000 per person. Early withdrawals are
not permitted but these CDs can be sold or can be redeemed fully upon the
death of an owner or co-owner. CDs sold prior to maturity are subject to
market conditions and could result in a loss. There is no placement fee.
Eligible for both IRA Accounts
& 401K Rollover to IRA Accounts.
| CD Term |
Current
CD Rate |
Theoretical
APY |
Minimum
Deposit |
Interest
Payment
|
| 0.5 Yrs |
3.35% |
3.35% |
$100,000 |
Maturity |
| 1.0 Yrs |
3.50% |
3.50% |
$100,000 |
Maturity |
| 1.5 Yrs |
3.65% |
3.71% |
$50,000 |
Monthly |
|
2.0 Yrs
|
3.85%
|
3.89%
|
$50,000
|
Semi-Annual
|
|
2.5 Yrs |
3.90% |
3.97% |
$25,000 |
Monthly |
|
4.0 Yrs |
4.25% |
4.33% |
$25,000 |
Monthly |
| 5.0 Yrs |
4.55% |
4.65% |
$25,000 |
Monthly |
| 7.0 Yrs |
4.75% |
4.81% |
$25,000 |
Semi-Annual |
| 10.0 Yrs |
5.00% |
5.06% |
$25,000 |
Semi-Annual |
STOCK
or COMMODITY MARKET CDs
Stock or Commodity Market CDs pay interest
based upon the gain in a related stock market or commodity index. These
unique CDs permit investors to capture the upside possibilities of the
market index but avoid the down-side risk. In other words, you can "play
the market" but not worry about losing your starting investment because
the deposit is FDIC insured and you are guaranteed to get back your original
investment. Early withdrawals may be permitted
and these CDs can be sold or can be redeemed fully upon the death of an
owner or co-owner. CDs sold prior to maturity or withdrawn early are subject
to market conditions and could result in a loss.
There is no placement fee and these CDs are held in a brokerage account.
Interest is calculated and paid at maturity. The CD Index Return is 100%
of the index gain without an upside cap unless stated. Eligible for both
IRA
Accounts &401K
Rollover to IRA Accounts.
Click
on underlined link in the Stock Market Index column to read each disclosure
or click here for a standard Stock Market CD disclosure statement.
CD
Term |
Market
Index |
CD Index
Return |
Minimum
Interest |
Minimum
Deposit |
Closing
Date
|
| 1.0 Yrs |
Dow Jones
Industrial
Average
Terms & Conditions
Disclosure |
Trading Range
Point-to-Point
Absolute ReturnInterest is earned at the
absolute rate of change during the term (either up or down) if the index stays
within a trading range up or down (plus or minus 12% to 16%). No interest is
earned if the index is ever out of the range anytime during the term. Range is
determined prior to issuance. |
None |
$25,000 |
05/16/08
|
| 1.0 Yrs |
S&P 500
Terms & Conditions
Disclosure |
Trading Range
Point-to-Point
Absolute ReturnInterest is earned at the
absolute rate of change during the term (either up or down) if the index stays
within a trading range up or down (plus or minus 12% to 16%). No interest is
earned if the index is ever out of the range anytime during the term. Range is
determined prior to issuance. |
None |
$25,000 |
05/16/08 |
| 5.5 Yrs |
Emerging Markets
Basket CD
Basket
Components
S&P BRIC 40, MSCI Taiwan Index & MSCI Singapore Index
Terms
& Conditions
Disclosure |
Semi-Annual
Average
The increase in the average of the 11 semi-annual
closing values of the equally weighted basket over the term. No limit on increase. |
None |
$25,000 |
05/21/08 |
| 5.0 to 5.5 Yrs |
Dow Jones
AIG
Commodity
Index
Terms
& Conditions
Disclosure |
Semi-Annual
AverageThe increase in the average of the 10 to
11 semi-annual closing values of the commodity index over the term. No limit on
increase. |
None |
$25,000 |
05/20/08 |
| 5.5 Yrs |
World Equity
Basket CD
Basket
Components
S&P 500, Nikkei 225 & EURO STOXX 50
Terms
& Conditions
Disclosure |
Quarterly
Average
The increase in the average of the 22 quarterly
closing values of the equally weighted basket over the term. No limit on increase. |
3.0% minimum per full
term
paid at maturity. |
$25,000 |
05/23/08 |
| 7.0 Yrs |
World Equity
Basket CD
Basket
Components
S&P 500, Nikkei 225 & EURO STOXX 50
Terms
& Conditions
Disclosure |
Index Performance
Weighting at Maturity of the three Quarterly Averages
The increase in the average of the 28 quarterly closing
values of the weighted basket over the term. Best index average is weighted
50%, the second best is weighted 30% and the least performing index is
weighted 20%. Weighting is determined at maturity with hindsight. No limits
on gain. |
8.0% minimum per full
term
paid at maturity. |
$25,000 |
05/22/08 |
INFLATION LINKED
CDs
Inflation Linked Certificates of Deposit
(CDs) assist investors in offsetting the effects of inflation. The Rate
Growth type of Inflation Linked CD pays interest monthly at a CD Base Rate
plus a monthly CPI adjustment that reflects the year-over-year changes
in the CPI. In effect, the actual CD rate "floats" up and down with current
inflation on a monthly basis. The adjustment may be positive or negative.
In the event of a decrease in the CPI, the combined rate will fall below
the CD Base Rate but not below 0.00%. Read carefully A
Guide to Understanding Floating Rate Securities which covers "floaters"
in general. Early withdrawals are not permitted
but these CDs can be sold or can be redeemed upon the death of an owner
or co-owner. CDs sold prior to maturity are subject to market conditions
and could result in a loss. These CDs are held in a brokerage account and
there is no placement fee. Eligible for both IRA
Accounts & 401K Rollover
to IRA Accounts.
|
CD Term
|
Inflation Linked
Type
|
CD
Base Rate
First
Month's
Rate
|
Theoretical
APY
CD
Base Rate
First Month's
Rate
|
Minimum
Deposit
Closing
Date
|
Interest
Payment
|
| |
|
|
|
No Current
Issue. |
|
|
All Tables Last Updated
|
05/08/2008
3:00 PM EDT
|
|
|
Call 800-351-4494 or 240-497-0400
Federally Insured Savings Network (FISN) researches
FDIC insured certificates of deposit from across the nation to find the
safest and best CD rates. The Current Rates listed above are updated daily
and are the best certificate of deposit rates we could find that are suitable
for nationwide depositors when the tables were last updated. The Annual
Percentage Yield (APY) is a "theoretical" calculation that assumes interest
is reinvested in the CD on the interest payment dates at the CD interest
rate and is provided for comparative purposes only. Your actual APY may
differ depending upon, if and how, you reinvest the CD interest. These
rates are representative of the highest rates nationwide. Rates for several
CDs, CDs in other amounts and for other terms are available by calling
FISN at toll free 1-888-CDRATES or 1-800-351-4494 or locally in Washington,
DC metro area at 240-497-0400. FISN places CDs on the behalf of its clients
in amounts beginning at $25,000 up to an amount no greater than the insurance
limit of $100,000 to include both principal and unpaid interest. Early
withdrawal penalties and/or placement fees may be applicable. Callable
CDs are sellable in the market and have no fees. For a full description
of our services for CD investors and our products, please see the brochure
on our CD Program and FISN
FAQ (Frequently Asked Questions about CDs) elsewhere in this Web site.
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Questions? Please email us at FISN@aol.com,or
call us toll free at
1 888 CDRATES (888-237-2837).
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