Highest Certificate of Deposit Rates - June 2010

June 9, 2010 - PRLog -- The stock market graphs continue to look like an erratic heartbeat.  The uncertainties across the ocean are continuing to send people looking safe and secure investments.  CDs are certainly that, but the over abundance of funds tied to the low demand for loans has caused rates to remain low and even move lower.

The fact is the longer the Fed holds the rates at near 0%, the lower they will go.  Most banks have no need for the money and until they do, they have no need to compete for your dollars.  Our firm scours the 'net and calls banks looking for those that need money and thus are paying higher than average CD rates.  It is a win-win situation.  The investor gets better rates and the banks gets the money they are looking for.

Most of our deposits are in larger denominations and from Patriot Act Exempt investors.  This means less accounts and less paperwork for the bank that needs the funds.  However, for banks seeking more relationship type deposits we do have access to individual investors seeking higher returns.

We recently added a section to our site dedicated to posting rates by state for those investors that don't want to stray to far from home territory.  You can visit that at http://www.jumbocdinvestments.com/cdrates_by_state.php.

Some current high CD interest rates are 1Y at 1.75%, a special 14-month CD at 1.95%, and a 2Y at 2.50%.  These are for individual investors.  For our institutional investors we have a 1Y at 1.20% and 5-year at 3.00% with a 6-month early withdrawal penalty.

Please visit our rates page for more information at http://www.jumbocdinvestments.com/rates.htm.

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Jumbo CD Investments is a national CD Referral and Placement Service. We serve individual investors, banks, credit unions, public agencies, associations, etc. We search for the highest CD rates so that you don't have to.