Amazing Yield On Six (6) Month Certificate of Deposit

In today’s Houston Chronicle there appears an advertisement for “The Presidential CD” paying 3.85% for a six month term. Sun Cities Financial Group advertises “FDIC – Insured 6 month CD, Working Hard So You Earn More Since 1998.” http://www.scfg.com/ For more information call 713-267-2320

Also in the same paper is an advertisement from BBVA Compass for a 24 month CD paying 1%. The advertisement says “In today’s environment, a competitive rate is hard to find. Until Now.” For more information call 1-800-COMPASS

Why is there such a big difference in yields? See http://www.depositaccounts.com/blog/very-high-cd-rates-advertised-in-newspapers-are-they-real.html

 

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