I drove to another county to open a c.d. this morning. I am getting almost 2% at my local bank and this bank is offering c.d.'s for one year paying 4%. This will pay me an extra $1000 in interest.(for $50,000) Actually, I could have given them another $50,000 but if my accounts (local) go to low, they will put a 10 day hold on the checks that our customer gives us to build their home. So that money will have to sit and earn the low rate. Any way, I am getting a little more interest right now!!
Made $1000 this morning.
May 3rd, 2008 at 02:41 pm