Locking In Yields

Tailor certificates of deposit for specific cash needs

width=”40%” valign=”top”>877-482-2650; www.usabancshares.com

500

1-Year CD (National Average: 4.95%) TeleBank, Arlington, VA 6.52 800-835-3226; www.telebank.com

1,000

Bank Caroline, Travelers Rest, SC 6.50 877-692-2765; www.bankcaroline.com

500

Net.B@nk, Alpharetta, GA 6.50 888-256-6932; www.netbank.com

1,000

Security First Network Bank, Atlanta, GA 6.50 800-736-2321; www.sfnb.com

1,500

BankDirect, Dallas, TX 6.50 877-839-2737; www.bankdirect.com

2,000

5-Year CD (National Average: 5.46%) TeleBank, Arlington, VA 7.08 800-835-3226; www.telebank.com

1,000

Key Bank USA, Albany, NY 7.04 800-872-5553; www.keybank.com

5,000

Capital One FSB, Falls Church, VA 7.00 800-564-7426; www.capitalone.com

10,000

Providian Bank, Salt Lake City, UT 7.00 800-414-9693; http://deposits.providian.com

10,000

Providian National Bank, Tilton, NH 7.00 800-414-9692; http://deposits.providian.com

10,000

*As of 12/14/99 Source: bankrate.com

Clarification
In a previous article about Treasury bonds (see “A Treasury Bond by Any Other Name,” Moneywise, December 1999), we incorrectly stated the minimum denomination for Treasury bills, also called T-bills. These short-term government securities can be purchased for a minimum of $1,000 and mature in 13, 26 or 52 weeks.

Also, you can buy Treasury bills, notes and bonds through TreasuryDirect, a book-entry system operated by the Bureau of Public Debt, which enables investors to purchase government securities without a broker or other intermediary. To find out more about the U.S. Treasury, government securities and TreasuryDirect, log on to www.ustreas.gov.

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