a 40k cd

[MaXonDuBz]

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?

[Lance Burkhart]

thats 2%....it's not bad. pretty sure it's better than the national average. there are higher ones out there though

[MaXonDuBz]

do you know any better ones offhand

[GeorgeJung5]

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...

[tommy_guns]

If I had money in a CD this is how i would feel =

[LiDDLE ANNA]

cds are real low right now..better to invest in gold

[TheHipHopBillGates]

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.

[Kyle]

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.

[FAST]

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

[DJ Tones]

oil futures - summer time is heating up