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Savings bonds

Discussion in 'Money & Finance Forum' started by Wp28, Mar 31, 2008.

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  1. Apr 2, 2008 at 11:42 AM #11
    law1ng2b2

    law1ng2b2 Full Access Member

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    How much you got in the bonds? Will you be adding anything to it during the window?
     
  2. Apr 2, 2008 at 1:27 PM #12
    VA49er

    VA49er Full Access Member

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    I just had two CD's mature and the bank tried to put them back in an 8 month CD earning 1.6%. That ain't going to cut it so I'm looking for something else. Not going to be a savings bond though.
     
  3. Apr 2, 2008 at 3:10 PM #13
    Johnny Rebel

    Johnny Rebel BBBD

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    What bank is only offering 1.6% for a CD?
     
  4. Apr 2, 2008 at 3:19 PM #14
    VA49er

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    A rather large one on Tryon St. They offer a higher online CD for a little over 2% but that still isn't enough. People have 7 days to decide what they want to do with a matured CD but I'm guessing the bank is betting most won't remember that and then those people will be stuck with a much lower rate for the CD period. That gives the bank some cheap funding for a while. I have a feeling they are trying to run off depositors again. They do that every now and again to stay under the 10% cap. Usually happens around the time of a new acquisition.
     
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