Well, in the last 3 months, I have cashed in all 5 of my c.d.'s. I can't find any place that is paying a decent interest rate, so I have decided to send part of that money to the Melrose credit union in New York state. They are offering a c.d. paying 2.9%. I have never invested in a c.d. for more than one year before, but I have a feeling that rates are not going to go up for a while.
I mailed a check off to them this morning and I will report back and let you know what happens.
I have 5 ones to add to the challenge.
Prev. total $3301.00
today 5.00
new total $3306.00
ps. the cd is for 5 years, so that is kind of scary!
Melrose credit union
February 26th, 2011 at 08:59 pm
February 26th, 2011 at 10:04 pm 1298757882
February 27th, 2011 at 02:07 pm 1298815626