CD rates am I right here?

Folster

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I do not have a clue how to get a brokered CD.

My present bank only wants to pay me slightly over 1% on a CD which is not terrible for some brick and mortar banks.

Open a brokerage account with a discount broker like Schwab, TD, Etrade, or Vanguard.
 
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Russ Smith

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I've been following Capital One closely, but I've been reluctant to make the jump because it's scary to give one's money to a computer link.

At least I have a Capital One credit card, so that's something.

Yeah I haven't really had any big issues with them at all. My CD's and other stuff are in the same login as the credit card. So when I login I see all of it at the same time. In fact I can pay my credit card bill from the money market.

I'm quite happy with them.
 

jf-08

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I know this isn't CD rates, but I bought a new Toyota Corolla Hybrid for my accounting manager's 20-year anniversary this morning.

Pre-negotiations had the financing at 5.29%. When I went to pick it up this morning, the finance guy said the interest rate would be 9.8%. I simply said "no, I'm not paying anything over 5.29%" and got up and walked out and told my salesman that I'm out. The salesman called the finance guy back and told him he found some loophole about this 5.29%. Finance guy said he'd look at whatever the salesman found and agreed it would be the 5.29%.

When finalizing the docs with the finance guy, he got a call and looked at my in an odd way. He hung up the phone and said, "Well, I just got word that your rate is 4.99%."

I have no idea who called this dude or why, but I thought that was a pretty darn good rate in this economy.
 

Devilmaycare

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I know this isn't CD rates, but I bought a new Toyota Corolla Hybrid for my accounting manager's 20-year anniversary this morning.

Pre-negotiations had the financing at 5.29%. When I went to pick it up this morning, the finance guy said the interest rate would be 9.8%. I simply said "no, I'm not paying anything over 5.29%" and got up and walked out and told my salesman that I'm out. The salesman called the finance guy back and told him he found some loophole about this 5.29%. Finance guy said he'd look at whatever the salesman found and agreed it would be the 5.29%.

When finalizing the docs with the finance guy, he got a call and looked at my in an odd way. He hung up the phone and said, "Well, I just got word that your rate is 4.99%."

I have no idea who called this dude or why, but I thought that was a pretty darn good rate in this economy.
Sounds like the dealership was trying to get greedy with you by taking extra points. I had a fight on that with my last car purchase.
 

dreamcastrocks

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I know this isn't CD rates, but I bought a new Toyota Corolla Hybrid for my accounting manager's 20-year anniversary this morning.

Pre-negotiations had the financing at 5.29%. When I went to pick it up this morning, the finance guy said the interest rate would be 9.8%. I simply said "no, I'm not paying anything over 5.29%" and got up and walked out and told my salesman that I'm out. The salesman called the finance guy back and told him he found some loophole about this 5.29%. Finance guy said he'd look at whatever the salesman found and agreed it would be the 5.29%.

When finalizing the docs with the finance guy, he got a call and looked at my in an odd way. He hung up the phone and said, "Well, I just got word that your rate is 4.99%."

I have no idea who called this dude or why, but I thought that was a pretty darn good rate in this economy.
Can I work for you?
 

dscher

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I know this isn't CD rates, but I bought a new Toyota Corolla Hybrid for my accounting manager's 20-year anniversary this morning.

Pre-negotiations had the financing at 5.29%. When I went to pick it up this morning, the finance guy said the interest rate would be 9.8%. I simply said "no, I'm not paying anything over 5.29%" and got up and walked out and told my salesman that I'm out. The salesman called the finance guy back and told him he found some loophole about this 5.29%. Finance guy said he'd look at whatever the salesman found and agreed it would be the 5.29%.

When finalizing the docs with the finance guy, he got a call and looked at my in an odd way. He hung up the phone and said, "Well, I just got word that your rate is 4.99%."

I have no idea who called this dude or why, but I thought that was a pretty darn good rate in this economy.
Couldn't pay cash?


Chump!



:p
 

jf-08

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Couldn't pay cash?


Chump!



:p
They wouldn't allow it. They said that the most cash that they could accept is 50%. I've never heard of that before.
 

dscher

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They wouldn't allow it. They said that the most cash that they could accept is 50%. I've never heard of that before.
Yep. This is a normal thing with inverted yields/tightening. Big banks aren't making cash on their spread. So, they sure as **** will make sure they are charging the well-off consumer during that environment. Strangely, it's idiotic. Because your cash is their benefit in this environment. So, their are always intricacies..but the financial environment is not conducive to anybody right now.
 

Devilmaycare

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They wouldn't allow it. They said that the most cash that they could accept is 50%. I've never heard of that before.
That's further proof that it was the dealership being greedy. They wanted the finder fees and points from the loan. Is it even legal to not let you pay for the full thing? I would have walked on that one and gone to a different dealership. There's plenty of Honda dealerships around. Not like it's a specialty brand that only has one in the area.
 
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Russ Smith

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I know this isn't CD rates, but I bought a new Toyota Corolla Hybrid for my accounting manager's 20-year anniversary this morning.

Pre-negotiations had the financing at 5.29%. When I went to pick it up this morning, the finance guy said the interest rate would be 9.8%. I simply said "no, I'm not paying anything over 5.29%" and got up and walked out and told my salesman that I'm out. The salesman called the finance guy back and told him he found some loophole about this 5.29%. Finance guy said he'd look at whatever the salesman found and agreed it would be the 5.29%.

When finalizing the docs with the finance guy, he got a call and looked at my in an odd way. He hung up the phone and said, "Well, I just got word that your rate is 4.99%."

I have no idea who called this dude or why, but I thought that was a pretty darn good rate in this economy.

Lucy's sister and oldest niece both bought new cars right before the interest rate hike. the niece is 26 and had to use her dad to co sign even though she has a good job because she lacks credit history and they were going to give her 9 something. I think she got 5 or 6 so your 4.99 is good. The wife it's her and husband I don't know what they got for interest rate they are coming here tonight in the car so we'll see.

Terrible time to need a car but in both cases they needed to replace. The niece got 9K in tradein for an Altima that she said was beat up. My sisters BF said he thinks she could have gotten 12 to 13K selling it herself that's how expensive the used car market is right now
 

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