CD Help

[Anonymous]

 Haven't been on here in a while  

My question is, I have $50,000+ that I'd like to put in a CD for about two years. Any suggestions on what bank to use or any bank that you guys have used or are currently using for your own CDs?

[Anonymous]

Certificate of Deposit rates are terrible these days.  You are probalby better off putting it in Amex Savings offer .90% APY or ING savings (Now owned by CAP 1).  Another thing you want to look into for higher yield is short term investment maybe peer to peer lending if you are a risk taker?  All up to you..

[barbaralee]

My 0.80 % savings accounts earns more than any of the CDs my bank offers. Sad. I think Barclay's has a savings account for 1.25%, or somewhere around there. You might also want to try a credit union. 

[mongstradamus]

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@barbaralee wrote:

My 0.80 % savings accounts earns more than any of the CDs my bank offers. Sad. I think Barclay's has a savings account for 1.25%, or somewhere around there. You might also want to try a credit union. 

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For me i would probaby go hi yield savings route, i think cds are only worth getting if you have 5 year ladder in place if its something less than that hi yield savings is an lot better choice since they are an lot more liquid.