Velocity Credit Union – Bank Rates

Velocity Credit Union - Bank Rates

Velocity Credit Union has maintained very competitive CD Rates. They also have a new product they are introducing called Bank-free banking. Check out their site, It is a checking account that is devoid of fees. Being a credit union they are playing on the fact that they aren’t a bank.

Many credit unions have very restrictive membership groups. Velocity does not. You can join an association that they are tied to and join from anywhere.

For their CD Rates:, they have:
1 Year — 0.60%
18 Month — 0.60%
2 Year — 0.80%
30 Month — 0.80%
3 Year — 1.36%
4 Year — 1.51%
5 Year — 1.81%

You can also visit here for more bank CD rates.

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Working with IRAs

Trying to deal with IRAs can be quite a headache. Here are a few articles that may make it a little easier.

Self-Directed IRA – Tips for Dealing with them — A Self-Directed IRA can be a great vehicle to increase your earnings for your IRA investments. However, there are a few things to consider. The basics of a self directed IRA are you set-up a custodian to hold your IRA assets, but unlike IRAs held by traditional brokers, you make the decisions as to what the assets are.

Top IRA CD Rates — The rates on the site are outdated but some of the suggestions for finding good rates are as good as ever. Summary: Did you know that IRAs can hold CDs (Certificates of Deposit)? If you are nearing retirement and are tired of fretting over your nest egg, your best and safest return may be with a federally insured bank (FDIC) or credit union (NCUA) CD.

I know the market gyrations are causing quite a bit of heartburn. But be very careful and do your best to not make fast, emotional decisions. For most people, you will want to hang on for now. However, as you make new investments carefully weigh your true risk tolerance. I’ve been having to do that myself. And frankly, it turns out I’m not very tolerant. Only you can answer that for yourself.

No one can tell you the perfect split for your IRA investments. Is it 70% stocks, 30% bonds, should it be 50%/50%, or greater one way or the other. Do you just invest in US stocks or do you look abroad? Do some searching, reading some blogs. Here are a couple that I like:
Oblivious Investor
Canadian Couch Potato

They also have links to sites they like. Do lots of reading, talk to people you trust, do lots of thinking, and then make some decisions on what to do with your IRA investments.

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Information For Maximizing Your Interest Rates

Slowly but surely, we are making additions to our new site, Jumbo CD Investments[dot]Net

For today, we have rounded up some articles from around the net that can help you Maximize Your Interest Rates. Here are some summaries:

CD Investment Alternative — Peer-to-Peer lending: Peer-to-peer lending enables individuals to lend money to ordinary people seeking loans (usually unsecured) without the use of a financial intermediary, or middleman, such as a bank. The internet, with its inherent ability to enable masses of people to organize activities online, has been the prime factor in the growth of peer-to-peer lending in the U.S…

Did you know that IRAs can hold CDs (Certificates of Deposit): Although many brokers offer CDs for IRAs, the interest rates available are generally much lower than what you can find direct. You may have to do a little more searching and a little more work up front but you could earn $500 – $1000 more each year.

Direct IRA CDs also have other advantages. First, you are in complete control of the funds. The CD is opened up under your title and social security number. You are not just a numbered account at the bank. Secondly, some banks waive early withdrawal penalties on IRA CDs. As a result, if your “Best” rate is no longer the best, you may be able to move your funds to another IRA CD with a higher interest rate.

Go here to view these articles and more High Bank CD Interest Rate Information

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