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Home > My CD is due tomorrow.

My CD is due tomorrow.

July 29th, 2007 at 05:47 pm

MY first certificate of deposit is coming due tomorrow. It was for 6 months, earning 5.75%. I made $2,796 in interest for the past 6 months.
I have to go into the bank tomorrow to roll it over. I am sure that I will if I can get at least 5.25% or more.
I am thinking about taking the interest out as that puts me over the fdic limit. Well, actually, it doesn't. I forgot that if you have two names on the account, you have double the insurance.
I got a check from ace hardware on a rebate that I sent in. I usually do not mess with rebates, but this was for a tool that my husband needed. The check was for $10 and I walked a mile, so I have $11 to add to my challenge money.
Prev. total $15,983.00
today 11.00
new total $15,994.00

Posted in $20 Challenge | 4 Comments »

4 Responses to “My CD is due tomorrow.”

  1. disneysteve Says:
    July 29th, 2007 at 07:46 pm 1185738387
    1185738387

    Do you physically need to go to the bank? If you are just rolling it over, that should be automatic unless you are changing the terms, adding or subtracting money. If you will just be leaving the full amount in a CD renewing for the same term, you shouldn't need to actually go there.

  2. Ima saver Says:
    July 29th, 2007 at 09:01 pm 1185742865
    1185742865

    No actually,I don't but since I am cashing my husband's paycheck at the bank across the street, I thought I would just walk over and find out what the new rate will be. I kind of expect the rate to do down.

  3. Nic Says:
    July 30th, 2007 at 02:17 pm 1185805032
    1185805032

    Ima, you inspire us all!Smile

  4. Aleta Says:
    July 31st, 2007 at 04:06 pm 1185898018
    1185898018

    Ima: When it comes to rebates or surveys, I just cash them and wait until the end of the month and deposit everything including my coupon money, money from food, found money, etc. I don't find it economical to go to the bank everytime I receive one of these checks. I normally wait until I need to make a deposit and just do what is needed then.

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