Umbrella Bank-6 month CD at a high rate: 5.13%

Umbrella Bank has a high rate CD for 6 months at 5.13% APY. This is relatively high considering CD rates offered by other banks at the moment. A quick comparison of other 6 month CDs:

• ING DIRECT 4.70% APY
• E-loan 5.06% APY
• Bank of Internet 4.86% APY

Take advantage now because the Fed may cut the prime rate yet again.