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
Melrose credit union interest
January 2nd, 2016 at 10:05 pm
January 2nd, 2016 at 11:44 pm 1451778269
January 3rd, 2016 at 10:44 pm 1451861041