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Wait…looking at some banks, I’m seeing 1.1 – 2%…is 3% a pipe dream on a cd? Assume minimum investment is 10K.
that said, if you don’t need the money for quite a while, a portfolio of higher yielding stocks is attractive. But, there is risk to the capital.
Yields:
SO 5.3%
T 6.5%
VZ 6.4%
CHT 6.0%
PFE 4.2%
MRK 4.1%
SNY 4.2%
BMY 4.9%
LLY 5.4%
MCD 3.3%
Snappy — rates are really, really low on CDs now. Stay really short term and keep rolling it over until the rates come up. Now is not the time to lock in a 3 or 5 year CD.
You still have vinyl, arkady?
Dave…do you know of any “larger” banks in Pittsburgh that would give good CD rates?
DH!!
here I am
I asked you yesterday how was the show – but no reply
that’s the US marketing side – I do intl – starbucks was a pretty big coup for them though as it sells more records – sorry
how was the show
All sorts of CDs. Check with individual larger banks. I think ING has some competitive ones.
Interest income is taxed as ordinary income. You get a 1099.
LOL Arkady 🙂
Snappy – Most CDs I have only play for an hour or so.
Where are all my financial gurus??? Adam? Anyone?
I’ve got a question…CD rates…what type of interest do they typically earn nowadays? What is the tax rate on that interest? Are there 3 year CDs? 5 year? How does it work?