Top CD Rates

Heritage Bank, NA has some sweet CD rates. There is more than one Heritage Bank in the USA. This one is based in Phoeniz, AZ (Arizona) and their FDIC# is 58416. The bank was established in September of 2006. The bank has almost $163MM in assets. They do have a 250K operating loss, but new banks usually do for about three years. The core ratios look pretty good.

Their Certificate of Deposit Rates are as follows:

Here is a link to their site. I believe you can apply and fund on-line.

Although this site is generally about CD and Savings Rates, I thought you may be interested in a loan program I discovered. It is called Zopa and can be found at Zopa Personal Loans

Person-to-Person lending basically cuts the bank out of the picture and people lend directly to one another. Zopa adds a twist to this by guaranteeing the funds that the lender is adding to the system. The funds the lender adds are backed by an NCUA insured CD. This does make the return lower than other peer-to-peer lending services, but it also means you can’t lose your principal.

For the lendee, the rate you receive should be much lower than what the bank would offer you. Zopa advertises Interest rates 50% lower than the big banks on Personal Loans, Small Business Loans, Debt Consolidation Loans, and more. Get a Free Quote.

If you have a home, you can also look to a 2nd Mortgages to provide some necessary funds for debt consolidation.

[UPDATED: 11/22/2008]   WT Direct is the internet presence of Wilmington Trust FSB. Their FDIC# is 33911. Wilmington Trust is headquartered in Baltimore, Maryland. As of March 08, they have about $683MM in assets, putting them in the medium sized bank category. They do have a 1st quarter loss of $2MM. Many banks these days do.

They made a profit of about $1.3MM at the end of 2007. They have an attractive savings rate available on the internet of 3.06% APY. There are some higher, but this is one of the best. However, if you have reached the FDIC limits at the other banks, this is a good one.