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Started By
Message
3 month CD yielding 3.75%...
Posted on 12/2/08 at 11:54 am
Posted on 12/2/08 at 11:54 am
Thinking about doing it with money I have sitting in a money market. Never invested in a CD before. Besides the fact that you can't take the money out before the end date without penalties, is there any reason I shouldn't do this, assuming I wouldn't need the cash during the 3-month period.
3
Posted on 12/2/08 at 12:01 pm to Chicken
Um, where the hell are you getting that rate?
Posted on 12/2/08 at 3:34 pm to Chicken
I got almost that good a rate a few weeks ago from Wells Fargo - it was an introductory rate. When the CD rolls over it'll be at their existing market rate.
Posted on 12/3/08 at 4:30 pm to Chicken
Keep in mind that this is an annual rate and that in 90 days your money will not yeild 3.75%
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