Personal Finance and Investing

CountAllVotes

(21,203 posts)

9. Well, that is better than many I've seen lately

Tue Oct 22, 2013, 01:18 PM

Oct 2013

The place I bank with has 2.02% right now but it's a 7-year hitch with a 1-year penalty. So, no thank you!

You'd be better off tying it up into something with a 2 or 3 mos. penalty and hope that rates go up soon I'd think.

Still 1.75% is not bad ... considering!

It angers me as it seems those that cannot invest their money (like myself) can't do better than a lowly 2.76% on an IRA CD with such a long term!

As for your other investments, I hope they do well for you, well enough to offset what you should be getting for the IRA!

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if you are over 59 1/2 and have a bank retirement CD - FYI [View all] hollysmom Oct 2013 OP

I'm not sure I completely understand this. A HERETIC I AM Oct 2013 #1

you can always make changes with a peanalty hollysmom Oct 2013 #2

How about we make sure we are speaking clearly, OK? A HERETIC I AM Oct 2013 #3

I am fine if you want to rewrite what I said and post it. hollysmom Oct 2013 #4

I have no desire to re-write what you said. A HERETIC I AM Oct 2013 #5

You should get that in writing CountAllVotes Oct 2013 #7

My IRA is locked in for 7-years CountAllVotes Oct 2013 #6

better than me last few months hollysmom Oct 2013 #8

Well, that is better than many I've seen lately CountAllVotes Oct 2013 #9