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Dollar Savings Direct 4% APY, $1000 min.
Started by ichaelm, Jan 07 2009 06:40 PM
1 reply to this topic
#1
ichaelm
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1 billion bucks
- Location:Bethesda Md.
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Posted 07 January 2009 - 06:40 PM
LINK Here's what makes no sense to me: Why would anyone want to buy a CD from Emigrant which pays 3.50% and ties up your money for 16 months if they could open a savings account which pays 4% and allows you to open an account today and close it a day later????
#2
pangya88
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- GoodMembers
- 126 posts
Super Member
Posted 08 January 2009 - 02:11 AM
You are certain to lock in the 3.50% on the CD for 16 months. The 4% on the savings can drop significantly in the meantime. Some people just don't want to worry about the fluctuation of the rates.
