I have been with Emigrant for a couple years now, they are good. They even sent me two emigrant direct, baseball hats, can't beat that HSBC, is a little better because they give you an ATM card with the account.
So if you get 6% at HSBC versus losing, say, 8% in stock value, does that equal a real rate of return of 14%?
There is a local CU that offers a 6% checking account. What makes you think 5.2% is too high? It's right in line with many other banks.
The line with other banks is around 5% at best. I'm looking for cd's that expire in December for 5.20%+. Do you have any links? I checked a few brokerages & they don't offer anything that high in their cd selections either. http://www.bankrate.com/brm/rate/deposits_home.asp
Try this link to the FW Finance Forum. Second link down should be the CD thread. Lot's of good info on FW. BTW, what's the big attraction to a CD? You can make close to/the same from more liquid investments. http://www.fatwallet.com/c/52/ In case you want to see that 6% checking account, here's the link. https://www.twinstarcu.com/specials/accelerator.php
I'm looking for guaranteed 5.2%+ interest on some cash thru the end of the year. I'm up for other ideas, but 100% security on my principal is a must.
Well, you do know that any type of savings account is covered by FDIC, right? That includes checking accounts, Money Market accounts as well as CDs.