StanleyB1 (New Hampshire)
Posts: 2
Posts: 2
Posted:
I am looking for financial institutions who sell CD's to an HOA and offer good rates? What is your HOA's best deal and with whom?
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HOA CD's
Started by StanleyB1 • 7 replies • 1365 views
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SteveM9 (Massachusetts)
Posts: 3,699
Posts: 3,699
Posted:
Our local bank sold us a CD. It didn't require anything special as far as anything HOA specific.
EllenS1 (Florida)
Posts: 1,148
Posts: 1,148
Posted:
Stanley,
I don't know the sites but you can google them. They compare interest rates, etc.
I don't know the sites but you can google them. They compare interest rates, etc.
JonD1
Posts: 2,350
Posts: 2,350
Posted:
Stanley:
http://www.bankrate.com/
This is one of the sites I use.
Allows to to search for national rates, internent bank rates or locally by zip.
An HOA should be able to use CDs from nearly all banks and credit unions when filed under a business or corporate account.
You can check the rates for different terms and also for regular account limits and JUMBO account requirements.
We recently took out a 12 month CD returning 2.07%.
A far cry from a few years ago but much better than a savings or MM account.
http://www.bankrate.com/
This is one of the sites I use.
Allows to to search for national rates, internent bank rates or locally by zip.
An HOA should be able to use CDs from nearly all banks and credit unions when filed under a business or corporate account.
You can check the rates for different terms and also for regular account limits and JUMBO account requirements.
We recently took out a 12 month CD returning 2.07%.
A far cry from a few years ago but much better than a savings or MM account.
StanleyB1 (New Hampshire)
Posts: 2
Posts: 2
Posted:
Ellen,
I have googled. The rate comparisons are CD's sold to individuals (not HOA).
I have googled. The rate comparisons are CD's sold to individuals (not HOA).
PenJ (Arizona)
Posts: 2
Posts: 2
Posted:
Check out US BAnk. They have a Community Association division
GloriaM (North Carolina)
Posts: 829
Posts: 829
Posted:
Stanley:
RBC Smartstreet has excellent rates www.smartstreet.com
RBC Smartstreet has excellent rates www.smartstreet.com
EllenS1 (Florida)
Posts: 1,148
Posts: 1,148
Posted:
Stanely,
Do your homework and call local banks, etc o find this out.
Do your homework and call local banks, etc o find this out.
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