A few days ago I wrote about the Zopa CD being the best national cd rate at 5.1% after the federal reserve cut the fed funds rate by 75 basis points.   RateLadder locked in the 5.1% rate with a 1 year $500 CD.

Alas if you did not take advantage of the 5.1% CD it is no longer available.  Zopa has reduced the rate to 4.5%.  It is a NCUA insured CD, which means it is guaranteed.  At 4.5% it is not nearly as exciting and interesting as 5.1%. The top yielding 1 year CD in the nation is at 4.71%.

Wall street is expecting another rate cut and when/if it occurs Zopa might yet again look attractive.  If history is our guide, you need to be ready if you want to lock in a great rate.

Related posts:

• Zopa Guarantees Returns 5.1% But the yield is only 5.1%.  Essentially you are buying a 1 year CD in the credit union of Zopa.  Details can be found in...
• Confirmed My 5.1% Zopa CD Two days I purchased a Zopa CD right after the Federal Reserve cut the fed funds rate 75 basis points.  I half expected Zopa to renege...
• Fed Cuts Rate 75 Basis Points — I bought a Zopa US CD at 5.1% I have been stalling.  I have said I would try all the P2P lending platforms available to me and up until reading the esteemed bamalucky...
• Zopa Launches in United States Just noticed today that the Zopa US Site has launched…  I am not sure I like it… The FDIC insured CD is a decent rate 5.1% (5.15%...
• Zopa UK Review The following is a guest post from plonkee money. She writes about personal finance from a British point of view. The biggest peer to peer...

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