2.5% CD - Good ?

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  • james_clickmemedia
    Confirmed User
    • Apr 2003
    • 2204

    #1

    2.5% CD - Good ?

    Would you lock you money into a CD for 12 months for only 2.5%.
    HSBC is offering that but it does not seem that good to me. I am hoping things will get better within the next 6 months...
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  • Bryan G
    Confirmed User
    • Aug 2005
    • 8338

    #2
    rates are shit right now,

    I just locked in some cash at 3.5% for three years and I was happy, well not happy but you know what I mean
    Bryan
    skype: bryan.glass3 | ICQ 302999591

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    • pornguy
      Too lazy to set a custom title
      • Mar 2003
      • 62910

      #3
      Yeah thats actually a good rate. But I dont know I would trust HSBC with my money.
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      • ADL Colin
        Too lazy to set a custom title
        • Feb 2001
        • 11929

        #4
        There are a lot of decent paying corporate bonds. Find something with a high altman z score.


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        • Due
          Confirmed User
          • Mar 2001
          • 3620

          #5
          If you get less than the inflation it's a bad deal.
          I think we get upto to 4% on 48 hour CD's (not for USD though)
          I buy plugs
          Skype: Due_Global
          /Due

          Comment

          • Ethersync
            Confirmed User
            • Mar 2008
            • 5289

            #6
            Depends on how much you have. Personally I have nothing in CDs. We will probably see rates reach levels they hit in the 70s again before this crisis plays out. Then I might consider it.
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            • NinjaSteve
              Too lazy to set a custom title
              • Dec 2003
              • 11089

              #7
              You might find competitive rates with a money market account or online savings.

              Originally posted by pornguy
              Yeah thats actually a good rate. But I dont know I would trust HSBC with my money.
              Why's that?
              ...

              Comment

              • woj
                <&(©¿©)&>
                • Jul 2002
                • 47880

                #8
                I would go with stocks, buy some solid companies, in the next 5 years you will probably average at least 10% per year, instead of the pathetic 2.5%...
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                • fallenmuffin
                  Confirmed User
                  • Nov 2005
                  • 8170

                  #9
                  It's better then most out there right now

                  I locked in 4.50% in October with a CD Ladder (12, 24, 36, 60 months)

                  Comment

                  • Redmanthatcould
                    Confirmed User
                    • Dec 2006
                    • 2771

                    #10
                    Originally posted by NinjaSteve
                    You might find competitive rates with a money market account or online savings.


                    Why's that?
                    HSBC just cut everyone's credit limit. Blanket cut overnight with no warning; destroying lots of people's credit scores.

                    Comment

                    • PSSuperstars
                      Confirmed User
                      • Jan 2006
                      • 1477

                      #11
                      Isn't Etrade savings at like 3.5 with no stipulations? Or at least mine was 2 mos ago when I signed up..

                      and I think ING has a savings at 3.5 too.. regular ol, no penalties, savings...
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                      • 420
                        cuck
                        • Mar 2003
                        • 11571

                        #12
                        I get .37% on my checking account. I am best investor.
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                        • Nicky
                          Too lazy to set a custom title
                          • Mar 2003
                          • 30071

                          #13
                          Last thing I'd do is lock up money in a savings account at 2,5%. Much better way's to get more out of it in a year or 2.

                          gfynicky @ gmail.com

                          Comment

                          • Matt 26z
                            So Fucking Banned
                            • Apr 2002
                            • 18481

                            #14
                            WaMu offered 5% just before they sold. And it could be renewed year after year. I wish I had put more into it now.

                            Comment

                            • Matt 26z
                              So Fucking Banned
                              • Apr 2002
                              • 18481

                              #15
                              Originally posted by PSSuperstars
                              Isn't Etrade savings at like 3.5 with no stipulations? Or at least mine was 2 mos ago when I signed up..

                              and I think ING has a savings at 3.5 too.. regular ol, no penalties, savings...
                              Savings...
                              eTrade = 2.15%
                              ING = 1.85%


                              The best 1 year CD's are around 3% nowadays.

                              Comment

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