Monday, August 25, 2008

Update on Multi Year Interest Rates

Periodically we give an update on some of the top interest rate deals available in the USA. All of these rates are for products that offer the protection of principal against market loss. We always want to compare it to national average rates for Bank CD's. These figures are found at Bankrate.com and are the most recent rates available.
1 year CD 3.63% 1 year IRA CD 3.26%
5 year CD 4.16% 5 year IRA CD 3.93%

Now lets look at some safe rates with bank alternatives. You tell me which you would rather have working with your money.

3 year guaranteed rate 5.00%
3 year staggered rate 1st year 5.80% year 2-3 rate 4.80%
5 year 5.20%
5 year staggered rate 1st year 6.10% years 2-5 rate 5.10%
7 year 5.45%
7 year staggered rate 1st year 6.25% years 2-7 rate 5.25%

Contact us for additional information and to determine if they are suitable for your financial situation. Minimum $ contributions apply and so do surrender charges for early withdrawal beyond any authorized amounts. Not all products are available in all 50 states.

How do these rates sound to you?
How can we help you?

www.columbusfinancialplanningpros.com

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