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???

BofA here . . . which reminds me.

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%

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

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?

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

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 :1orglaugh 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.

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... :2 cents:

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

:thumbsup

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

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