Many better Options than small town bank CDs

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Why give this small town bank your money for 19 months? Pioneer Bank in Chaves County is trying to peddle 19 month 1.25 % Certificates of Deposits subject to early withdrawal penalties. The newspaper ad you see below advertises a well below competitive savings plans compared to the higher interest rate, no penalty/fee savings choices you in the following list.

There is a long list of higher APY  places to invest your hard earned money such as:

SYNCHRONY BANK – 1.55% APY, NO MINIMUM BALANCE

GOLDMAN SACHS BANK USA – 1.50% APY

CIT – 1.55% APY, $100 to open

Ally Bank – 1.45% APY

American Express, FSB – 1.45% APY, no minimum balance (and no fees)

Home town loyalty gets tossed out the window here. Your hometown banker does not give a crap about you unless you have a credit score over 750. Dump them and get the interest rates your deserve

Bank CD Roswell NM Can’t Compete with Amex Bank

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1 comment on “Many better Options than small town bank CDsAdd yours →

  1. I think is was Kirby Holden of Rural Platte County in Missouri who was worried about the larger and much more expensive American tractors with sickle bars losing out to the more efficient and LESS EXPENSIVE little foreign-made tractor.

    Bankers hate the less expensive tractors with a purple passion since thats fewer high interest loans they can sell to cash strapped farmers. You know Kirby, American should feel sick to their stomach getting beat out by foreign produced farm equipment. But those European dudes kicked our ass fair and square producing a better and less expensive product!!!

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