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Melrose credit union interest

January 2nd, 2016 at 02:05 pm

I am adding my last three months of interest from the Melrose credit Union. This was posted to my account as of Jan. 1, 2016. This will rally give a boast to my $20 challenge.

When I opened this C.D. almost 5 years ago, I was afraid that I was making a mistake to tie up so much money for 5 years. The interest rate was 2.9% and I thought, surely, rates will get better than this over time. Turns out, it was a good idea, since I have not seen any rates higher than 2.9% for a 5 year c.d.
As a matter of fact, it will come due the end of February and I don't know what I will do with it then.
The highest rate I can find now, is 2.4% for 5 years. At my age, I hate to tie money up for that long. I don't know what to do?

$20 challenge:

Prev. total $ 103.00
melrose int. 2065.00
new total $2168.00

2 Responses to “Melrose credit union interest”

  1. rob62521 Says:

    Wow, a boost is right! Yahoo!

  2. FrugalTexan75 Says:

    Ima, I will be posting about a possible way to get up to $30k set at %5 interest (for a couple) I'm waiting a bit to see if it really is as easy as what it sounds before posting details. But this might work for some of the money you have in the CD.

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