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DollarSavingsDirect 4.00% 16-Month CD

December 23rd, 2008

DollarSavingsDirect, which I recently declared the leader of Savings Accounts, is offering up a 4.00% APY on a 16-month CD. There’s a fair chance that they will lower their savings rate due to the recent Fed cut, so if you want to lock in your 4% rate for 16 months, they’re letting you do it now.

To qualify for the Certificate of Deposit you must already had a DollarSavingsDirect Savings Account. You must deposit at least $1,000 into the CD. The early withdrawal penalty is 180 days worth of interest.

DollarSavingsDirect is an extension of Emigrant Bank and is FDIC insured. As always, I suggest staying under the FDIC limit of $100,000 when depositing money in any bank.

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