Certificate of Deposits. Who has CD's and where - GoFuckYourself.com

pornguy · 08-21-2008, 12:15 PM

have one at my Credit union, but with the fall of the Interest rate, I dont want to tie another one up so low. Was thinking about going to the prudential office and starting one with them.

Anyone got anything similar to that???

baddog · 08-21-2008, 12:18 PM

BofA here . . . which reminds me.

pornguy · 08-21-2008, 12:22 PM

When did you lock it in, and what % I have one with a 3.2 for 1 year

But they are so low now, its amazing.

baddog · 08-21-2008, 12:42 PM

Quote:

Originally Posted by pornguy

When did you lock it in, and what % I have one with a 3.2 for 1 year

But they are so low now, its amazing.

11/27/07

Interest rate: 4.31%
Annual percentage yield: 4.40%

baddog · 08-21-2008, 12:51 PM

I do see the new ones are significantly lower . . . so thanks again. Need to find something else effective next week.

fallenmuffin · 08-21-2008, 01:36 PM

Rate depends on where you live. CA seem to have high rates. Florida ain't bad but all in the 3% range.

What APY are you after?

pornguy · 08-21-2008, 03:23 PM

I was looking at the Prudential office here in Cancun, and they are offering a 4.8 and 5.2. But I still have to ask about the fees etc.

Also take a look at this. Someone posted this a few weeks ago if you want to shop money investments.

https://www.moneyaisle.com/default.aspx

yys · 08-21-2008, 04:07 PM

If I understand CD's correctly they are pretty much the equivalent of GIC's in Canada. If thats the case then after inflation and taxes are factored in you actually lose money. I posted this on here sometime back in '04 for the Canadians who were using GIC's to stash there cash; it's probably just as relevant to you and CD's.

Of course all this could be wrong

depending on how the U.S. treats CD's for tax purposes. They still suck for after inflation returns though.

pornguy · 08-21-2008, 09:37 PM

Quote:

Originally Posted by yys

If I understand CD's correctly they are pretty much the equivalent of GIC's in Canada. If thats the case then after inflation and taxes are factored in you actually lose money. I posted this on here sometime back in '04 for the Canadians who were using GIC's to stash there cash; it's probably just as relevant to you and CD's.

Of course all this could be wrong

depending on how the U.S. treats CD's for tax purposes. They still suck for after inflation returns though.

thats an interesting read, But I dont pay as high of taxes as you do. IN fact on that, if the account does not make more than 600$ per tax year, I dont think it has to be claimed.

marketsmart · 08-21-2008, 09:39 PM

cd's are one of the worst investment vehicles... even in this shitty economy there is plenty of money to be made in the market...

baddog · 08-21-2008, 09:44 PM

Quote:

Originally Posted by marketsmart

cd's are one of the worst investment vehicles... even in this shitty economy there is plenty of money to be made in the market...

I cause crashes if I manipulate my stock, so I just leave them alone. Don't want to fuck it up for everyone else.

woj · 08-21-2008, 09:55 PM

Quote:

Originally Posted by marketsmart

cd's are one of the worst investment vehicles... even in this shitty economy there is plenty of money to be made in the market...

cybermike · 08-21-2008, 09:57 PM

so whats a good index fund to stick all your money into and forget?

Jon Clark - BANNED FOR LIFE · 08-21-2008, 10:05 PM

I invest my money into the poor... You get no greater return... I am serious

08-21-2008, 12:15 PM	#1
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Certificate of Deposits. Who has CD's and where have one at my Credit union, but with the fall of the Interest rate, I dont want to tie another one up so low. Was thinking about going to the prudential office and starting one with them. Anyone got anything similar to that??? __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

08-21-2008, 12:22 PM	#3
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	When did you lock it in, and what % I have one with a 3.2 for 1 year But they are so low now, its amazing. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

08-21-2008, 03:23 PM	#7
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	I was looking at the Prudential office here in Cancun, and they are offering a 4.8 and 5.2. But I still have to ask about the fees etc. Also take a look at this. Someone posted this a few weeks ago if you want to shop money investments. https://www.moneyaisle.com/default.aspx __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

08-21-2008, 09:57 PM	#13
cybermike Confirmed User Join Date: Jan 2002 Location: Ny Posts: 4,113	so whats a good index fund to stick all your money into and forget? __________________ Hey surfers how about some The Best Porn Sites

08-21-2008, 12:18 PM	#2
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	BofA here . . . which reminds me.

08-21-2008, 12:51 PM	#5
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	I do see the new ones are significantly lower . . . so thanks again. Need to find something else effective next week.

08-21-2008, 01:36 PM	#6
fallenmuffin Confirmed User Industry Role: Join Date: Nov 2005 Posts: 8,170	Rate depends on where you live. CA seem to have high rates. Florida ain't bad but all in the 3% range. What APY are you after?

08-21-2008, 04:07 PM	#8
yys Confirmed User Join Date: Aug 2001 Posts: 1,922	If I understand CD's correctly they are pretty much the equivalent of GIC's in Canada. If thats the case then after inflation and taxes are factored in you actually lose money. I posted this on here sometime back in '04 for the Canadians who were using GIC's to stash there cash; it's probably just as relevant to you and CD's. Of course all this could be wrong depending on how the U.S. treats CD's for tax purposes. They still suck for after inflation returns though.

08-21-2008, 09:39 PM	#10
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	cd's are one of the worst investment vehicles... even in this shitty economy there is plenty of money to be made in the market...

08-21-2008, 10:05 PM	#14
Jon Clark - BANNED FOR LIFE North Coast Pimp Join Date: Dec 2005 Location: 304-534-757 Posts: 9,395	I invest my money into the poor... You get no greater return... I am serious