CD Matured
July 29th, 2008 at 10:45 pm1 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%.