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Banks are in trouble right now, yeah? They really need all the cash they can get to stay afloat, right?
Apparently not. Because when I checked about renewing the CD I have my liquid nest egg in, the *best* rate they can offer me is around 2%, and that's for a 12-month deposit. The rate they're offering for something like I have now is around 1.7%. The CD I currently have is over 3%, and that was relatively short term.
This tells me that they don't really *want* my cash, because they're not willing to offer me anything much to borrow it. I need to finally take the time to sit down with my retirement account manager, but I'm tempted to follow the president's advice and put my money into actual investments. Yes, the market is probably going to go down some more before it goes up, but it *will* go back up. And 2% is derisory!
Apparently not. Because when I checked about renewing the CD I have my liquid nest egg in, the *best* rate they can offer me is around 2%, and that's for a 12-month deposit. The rate they're offering for something like I have now is around 1.7%. The CD I currently have is over 3%, and that was relatively short term.
This tells me that they don't really *want* my cash, because they're not willing to offer me anything much to borrow it. I need to finally take the time to sit down with my retirement account manager, but I'm tempted to follow the president's advice and put my money into actual investments. Yes, the market is probably going to go down some more before it goes up, but it *will* go back up. And 2% is derisory!
