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6 comments
Naaaah your father played your Family XD
Its like find my treasure vibe, i would so the same when I know im dying just for the fun of it
Love it
When I worked at a bank, I could recognize those CD rate hunters the second they walked in the door. 1) They were not our regular customers 2) They were elderly 3) They showed up when the bank had a CD rate special 4) As soon as they walked in the door, they stopped and looked around the room trying to discern whom to talk with about opening a CD 5) They showed up several months later (whatever the term of the CD was) to cash it in and take the money in a cashier's check to the next bank that was offering a CD rate special at that time. Maybe this cycle was worth it to the bank's officers who were trying to bring in deposits, but it caused a lot of work for the rank and file and took time away from our regular customers.
Issue with my family. They always told me to save in a savings account because it’ll grow money. Never explained to me how I was losing to inflation. Wish I knew sooner. I would’ve started using that to invest at 18
I just got emails from the high yield savings accounts that I was trying that the rates went down 😂
CDs are still great. This goes against the Money Guys but I keep my emergency funds in 3 CDs. They all mature within 4 months of each other. This gives me a hogher and locked in rate for when the fed drops like it just did and realistically if I do really need it I will take the penalty of closing early if I cant wait. The risk to reward is worth it to me.