What’s the best rate for 12-month CD? WaMu 5% APY rate is the highest in the country. This is a great rate especially with the convenience of its 3.75% APY savings account. If you are doing credit card arbitrage using these 0% APR cards, then stick it into the 5% CD rate is a good idea.
Steps to take:
- Open its Free Checking and 3.75% APY Savings account
- You can now fund your online 5% APY 12 or 13-month CD instantly via ACH transfer.
- Minimum funding for CD must be $1000.
- Offer will end on 8/29/08
You might be hearing that WaMu is one of the troubled banks. No worry! As always, keep it under $100K FDIC insured coverage. You are safe my friend! The rate is great and you can’t lose the money.
Top 0% APR 12-Month Balance Transfer Cards:
The following cards have no annual fee, balance transfer fee is capped, and balance transfer period is at least 12 months.
- Advanta BusinessCard with Rewards – 15 months BT period (3% fee, $90 max)
- Advanta Customized Business Rewards – 15 months BT period (3% fee, $90 max)
- Chase Business Rebate – 12 months BT period (3% fee, $99 max)
- Discover More – 12 months BT period (3% fee, $75 max)
- Discover Miles – 12 months BT period (3% fee, $75 max)
- Discover Open Road – 12 months BT period (3% fee, $75 max)
- Chase Flexible Rewards – 12 months BT period (3% fee, $75 max)
- Chase Free Cash Rewards – 12 months BT period (3% fee, $75 max)
- Chase Platinum Mastercard – 12 months BT period (3% fee, $75 max)
- Chase Platinum Visa – 12 months BT period (3% fee, $75 max)
The first three cards are business cards. Whether you have a home-based business or that you have sold something on Ebay, you can apply for a business credit card. Just put your name as the business name and your social security number as the tax id. Your business is called sole proprietorship and it’s perfectly legal with the IRS.
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Please read about how you will be taxed if you are a sole proprietorship. Schedule C must be filed with your 1040 form.
Must track the “business” and pay Social Security tax. Keep personal checking account separate from the business.