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CD Matured

July 29th, 2008 at 02:45 pm

1 yr. CD matured so I closed the account and moved the funds to my 4.5% interest checking account. This is ideal in that I've decluttered one of seven accounts.

Also, in order to get a comparable interest rate in a CD, I'd have to lock it up for 18 months. Liquidity = security in these uncertain times, imo.

I love my bank and hope it's not on the close-to-failure list. I've read a few articles assuring me FDIC insurance would cover my accounts, but I'm not expecting that it would reopen under a new branch name still offering the awesome 4.5%.

4 Responses to “CD Matured”

  1. gamecock43 Says:

    what bank is offering 4.5%?

  2. Lylic Says:

    See my earlier post regarding this:

    http://lylic.savingadvice.com/2008/02/02/interest-rates_3505...


    It's Community Bank of Nevada

  3. gamecock43 Says:

    Thank you! My Wamu is giving me 2.90%..I thought that was pretty good. (Shrugs sheepishly)

  4. PauletteGoddard Says:

    My CD matured yesterday. As I dropped off my mortgage payment at another bank, I saw it was offering 4.5% on an 11-month CD. Hmmmm....

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