2.5% CD - Good ? - GoFuckYourself.com

james_clickmemedia · 02-26-2009, 02:38 PM

Would you lock you money into a CD for 12 months for only 2.5%.
HSBC is offering that but it does not seem that good to me. I am hoping things will get better within the next 6 months...

Bryan G · 02-26-2009, 02:48 PM

rates are shit right now,

I just locked in some cash at 3.5% for three years and I was happy, well not happy but you know what I mean

pornguy · 02-26-2009, 02:54 PM

Yeah thats actually a good rate. But I dont know I would trust HSBC with my money.

ADL Colin · 02-26-2009, 02:57 PM

There are a lot of decent paying corporate bonds. Find something with a high altman z score.

Due · 02-26-2009, 02:59 PM

If you get less than the inflation it's a bad deal.
I think we get upto to 4% on 48 hour CD's (not for USD though)

Ethersync · 02-26-2009, 03:02 PM

Depends on how much you have. Personally I have nothing in CDs. We will probably see rates reach levels they hit in the 70s again before this crisis plays out. Then I might consider it.

NinjaSteve · 02-26-2009, 04:07 PM

You might find competitive rates with a money market account or online savings.

Quote:

Originally Posted by pornguy

Yeah thats actually a good rate. But I dont know I would trust HSBC with my money.

Why's that?

woj · 02-26-2009, 04:51 PM

I would go with stocks, buy some solid companies, in the next 5 years you will probably average at least 10% per year, instead of the pathetic 2.5%...

fallenmuffin · 02-26-2009, 05:58 PM

It's better then most out there right now

I locked in 4.50% in October with a CD Ladder (12, 24, 36, 60 months)

Redmanthatcould · 02-26-2009, 06:02 PM

Quote:

Originally Posted by NinjaSteve

You might find competitive rates with a money market account or online savings.

Why's that?

HSBC just cut everyone's credit limit. Blanket cut overnight with no warning; destroying lots of people's credit scores.

PSSuperstars · 02-26-2009, 07:22 PM

Isn't Etrade savings at like 3.5 with no stipulations? Or at least mine was 2 mos ago when I signed up..

and I think ING has a savings at 3.5 too.. regular ol, no penalties, savings...

420 · 02-26-2009, 07:26 PM

I get .37% on my checking account. I am best investor.

Nicky · 02-26-2009, 07:30 PM

Last thing I'd do is lock up money in a savings account at 2,5%. Much better way's to get more out of it in a year or 2.

Matt 26z · 02-26-2009, 07:56 PM

WaMu offered 5% just before they sold. And it could be renewed year after year. I wish I had put more into it now.

Matt 26z · 02-26-2009, 08:04 PM

Quote:

Originally Posted by PSSuperstars

Isn't Etrade savings at like 3.5 with no stipulations? Or at least mine was 2 mos ago when I signed up..

and I think ING has a savings at 3.5 too.. regular ol, no penalties, savings...

Savings...
eTrade = 2.15%
ING = 1.85%

The best 1 year CD's are around 3% nowadays.

02-26-2009, 02:38 PM	#1
james_clickmemedia Confirmed User Join Date: Apr 2003 Location: Texas / London Posts: 2,204	2.5% CD - Good ? Would you lock you money into a CD for 12 months for only 2.5%. HSBC is offering that but it does not seem that good to me. I am hoping things will get better within the next 6 months... __________________ $ CLICKMEMEDIA.COM $ CONVERTING ETHNIC TRAFFIC SINCE 1998 ~ $30+PPS BLACK-X.COM - NEW BLACK EX-GF SITE CLICKMEMEDIA.COM ~ ICQ - 8788771

02-26-2009, 02:48 PM	#2
Bryan G Confirmed User Join Date: Aug 2005 Location: Toronto Posts: 8,338	rates are shit right now, I just locked in some cash at 3.5% for three years and I was happy, well not happy but you know what I mean __________________ Bryan skype: bryan.glass3 \| ICQ 302999591

02-26-2009, 02:54 PM	#3
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Yeah thats actually a good rate. But I dont know I would trust HSBC with my money. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

02-26-2009, 02:57 PM	#4
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	There are a lot of decent paying corporate bonds. Find something with a high altman z score. __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

02-26-2009, 02:59 PM	#5
Due Confirmed User Industry Role: Join Date: Mar 2001 Location: Murrieta, CA Posts: 3,620	If you get less than the inflation it's a bad deal. I think we get upto to 4% on 48 hour CD's (not for USD though) __________________ I buy plugs Skype: Due_Global /Due

02-26-2009, 03:02 PM	#6
Ethersync Confirmed User Join Date: Mar 2008 Location: London, Saint-Tropez, Bermuda, Moscow Posts: 5,289	Depends on how much you have. Personally I have nothing in CDs. We will probably see rates reach levels they hit in the 70s again before this crisis plays out. Then I might consider it.

02-26-2009, 04:51 PM	#8
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	I would go with stocks, buy some solid companies, in the next 5 years you will probably average at least 10% per year, instead of the pathetic 2.5%... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

02-26-2009, 05:58 PM	#9
fallenmuffin Confirmed User Industry Role: Join Date: Nov 2005 Posts: 8,170	It's better then most out there right now I locked in 4.50% in October with a CD Ladder (12, 24, 36, 60 months)

02-26-2009, 07:22 PM	#11
PSSuperstars Confirmed User Join Date: Jan 2006 Location: Houston, TX Posts: 1,477	Isn't Etrade savings at like 3.5 with no stipulations? Or at least mine was 2 mos ago when I signed up.. and I think ING has a savings at 3.5 too.. regular ol, no penalties, savings... __________________ Porn's Best Kept Secret : PSOCash.com : Make Money Promoting Phone Sex in Members Areas, TGPs, and MORE! : Lifetime 30% Payout *Best Webcam Referral Payouts*

02-26-2009, 07:26 PM	#12
420 cuck Industry Role: Join Date: Mar 2003 Posts: 11,571	I get .37% on my checking account. I am best investor. __________________ <!--BEGIN SIMUTRONICS PLAY BUTTON CODE --> <p align="center"> <a href="http://buddy.play.net/dr?TMOREAU1"> <img src="drplay.gif" width="128" height="64" alt="Play DragonRealms!"></a></p> <!--END SIMUTRONICS PLAY BUTTON CODE -->

02-26-2009, 07:30 PM	#13
Nicky Judge Jury and Executioner Industry Role: Join Date: Mar 2003 Location: Sweden Posts: 30,069	Last thing I'd do is lock up money in a savings account at 2,5%. Much better way's to get more out of it in a year or 2. __________________ gfynicky @ gmail.com

02-26-2009, 07:56 PM	#14
Matt 26z So Fucking Banned Industry Role: Join Date: Apr 2002 Location: ¤ª"˜¨๑۩۞۩๑¨˜"ª¤ Posts: 18,481	WaMu offered 5% just before they sold. And it could be renewed year after year. I wish I had put more into it now.