Friday, September 12, 2008

Current Libor Rates

LIBOR is the London Interbank Offered Rate.

LIBOR & Other Rates
Updated 9/12/2008


This week Month ago Year
ago
1 Month LIBOR Rate 2.49 2.46 5.80
3 Month LIBOR Rate 2.81 2.80 5.70
6 Month LIBOR Rate 3.10 3.10 5.49
1 Year LIBOR Rate 3.13 3.23 5.23

Article=> Beware of Annuities

LIBOR is a daily reference rate based on the interest rates banks in the London wholesale money market (or interbank market) offer to lend unsecured funds to each other. LIBOR is usually slightly higher than the London Interbank Bid Rate (LIBID). LIBID is the rate the same banks are prepared to accept deposits.

==> Very Best CD Rates with FDIC <==

Beware of Annuities

Wednesday, September 10, 2008

Wachovia CD Rates: Best Rate is a 5.35% 5-Year CD

From a rate sheet I got today at Wachovia Bank
==>  " CD Rates at Wachovia Bank "  as of 9/10/08  <== 
Term Rate APY
7 Month CD 3.92% 4.00%
12 Month CD 4.21% 4.30% (1 Year)
24 Month CD 4.40% 4.50% (2 Yrs)
60 Month CD 5.21% 5.35% (5 Yrs)

More rates and terms at Wachovia Bank CD Rates
  • Minimum Balance $5,000
  • Fees may reduce earnings. Penalty may be imposed for early withdrawal.
  • Rates subject to change.

  • Article: Beware of Annuities