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Melrose credit union

January 4th, 2013 at 09:01 pm

I opened up two certificates of deposit at Melrose Credit Union in New York about 2 years ago. I was kind of leery because they were only paying 2.9% interest. Now, that 2.9% interest looks pretty good compared to 1% or less. This past quarter, I made $1895 in interest. It is the only good interest bearing accounts that I have.
I should be closing on the house sale the end of this month, but I will have to keep that money liquid for the next spec house. Thank goodness the mutual funds are earning a decent rate.
I had a no use gas day yesterday and the stock market went up for $3 to be added to the challenge.

Prev. total $53.00
today 3.00
new total $56.00

Posted in $20 Challenge | 2 Comments »

2 Responses to “Melrose credit union”

  1. Amber Says:
    January 4th, 2013 at 09:21 pm 1357334468
    1357334468

    Wow 2%+ is great these days for sure.

  2. rob62521 Says:
    January 6th, 2013 at 01:34 am 1357436049
    1357436049

    I feel your pain, Ima! Who would have thought we would like 2.9%!

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