2.5% CD - Good ?
 

Would you lock you money into a CD for 12 months for only 2.5%.
HSBC is offering that but it does not seem that good to me. I am hoping things will get better within the next 6 months...

rates are shit right now,

I just locked in some cash at 3.5% for three years and I was happy, well not happy but you know what I mean

Yeah thats actually a good rate. But I dont know I would trust HSBC with my money.

There are a lot of decent paying corporate bonds. Find something with a high altman z score.

If you get less than the inflation it's a bad deal.
I think we get upto to 4% on 48 hour CD's (not for USD though)

Depends on how much you have. Personally I have nothing in CDs. We will probably see rates reach levels they hit in the 70s again before this crisis plays out. Then I might consider it.

You might find competitive rates with a money market account or online savings.

Why's that?

I would go with stocks, buy some solid companies, in the next 5 years you will probably average at least 10% per year, instead of the pathetic 2.5%...

It's better then most out there right now

I locked in 4.50% in October with a CD Ladder (12, 24, 36, 60 months)

HSBC just cut everyone's credit limit. Blanket cut overnight with no warning; destroying lots of people's credit scores.

Isn't Etrade savings at like 3.5 with no stipulations? Or at least mine was 2 mos ago when I signed up..

and I think ING has a savings at 3.5 too.. regular ol, no penalties, savings...

I get .37% on my checking account. I am best investor.

Last thing I'd do is lock up money in a savings account at 2,5%. Much better way's to get more out of it in a year or 2.

WaMu offered 5% just before they sold. And it could be renewed year after year. I wish I had put more into it now.

Savings...
eTrade = 2.15%
ING = 1.85%


The best 1 year CD's are around 3% nowadays.