Comments on: Transportation Alliance Bank High Rate CDs - 5.50% APY

By: cdoby

cdoby — Wed, 06 Aug 2008 22:09:13 +0000

I don’t know if this is the reason they are offering high CD rates, but they finance trucking companies, and high fuel rates are hurting trucking companies. Perhaps, Transportation Alliance Bank has been experiencing losses from trucking companies defaulting on loans. PERHAPS, I say.

By: George Sehlmeyer

George Sehlmeyer — Tue, 20 May 2008 21:13:50 +0000

Noting the above comment, I am also puzzled as to how Transportationn Alliance can offer such high rates on their CD’s seeing as they have a 5 star rating by one of the online services. Is there any way to find out why?

By: bobw

bobw — Tue, 15 Apr 2008 19:57:00 +0000

I learned last year that higher rates come from banks with greater exposure to sub-prime mortgage risks (Countywide, Corus, Indymac, etc).
Transportation Alliance has a 5* safety rating from one of the online services, so I’m puzzled how they can offer these very high CD returns.