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Thread: a 40k cd

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  1. #1
    Registered User
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    a 40k cd

    ok thid girl i know told me that she is geting 800$ off a 30 month cd of $40,000 .....i no nothing about cds and stuff but doesnt this sound low? i would think u would get more off of 40k?
    Let The Beat Control Your Soul

  2. #2
    Get my Funny!
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    thats 2%....it's not bad. pretty sure it's better than the national average. there are higher ones out there though
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  3. #3
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    do you know any better ones offhand
    Let The Beat Control Your Soul

  4. #4
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    Quote Originally Posted by MaXonDuBz View Post
    do you know any better ones offhand

    you just have to do your homework and check different banks rates...i locked $2k into a 2 year cd with citibank a few months ago at 2.3% for shits and giggles

    keep in mind that once you open a cd account, you can't take that money out until the cd matures

    there are better forms of investments for your money with the shitty cd rates these days...years ago it wasn't uncommon to find 5% or higher...

  5. #5
    Werk.
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    If I had money in a CD this is how i would feel =
    H.A.T.E.R.S. - Having Anger Toward Everyone Reaching Success

  6. #6
    pretty hate machine
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    cds are real low right now..better to invest in gold
    when it comes to beats well im a fiend
    like my sugar with coffee n cream

    oh make me overrr..im all i wana be..a walking study..in demonology

  7. #7
    Mr. Not Nice Guy
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    Quote Originally Posted by LiDDLE ANNA View Post
    cds are real low right now..better to invest in gold
    I'm not so sure of that most commodities are already high, and if the Fed starts raising rates @ the end of the year they'll come down because other investments will be more attractive and less volatile.
    "You know why I favor sophisticated blondes in my films? We're after the drawing-room type, the real ladies, who become wh*res once they're in the bedroom." —Alfred Hitchcock

  8. #8
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    That's shit imo, plus you don't have access to your money.

    Makes me miss the days ING was paying a ton of interest on their savings account, the one year i made about $1500 in interest alone and only a 3 day delay to have access to it.
    * I really am as awesome as I appear.

  9. #9
    Stable master
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    cd's are safe, which is why alot of people choose them ...but like someone said the returns used to be 5% and so,

    smart way ( IMO) to play with these is to ladder them

    have money split up into a

    3 mo
    5 mo
    1 yr

    and so on....this way one is always close to maturing if you need money in a hurry

    if your money is just sitting in the bank collecting interest, it might as well be parked in a CD and collect more, but this is good for when the rates are a little better

  10. #10
    The Technition
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    oil futures - summer time is heating up
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