July 6th, 2009 at 02:26 am
If you manage to have enough cash to buy a brokered CD for the interest rate, beware.
Its not bad if you know what
Text is you and Link is http://seattletimes.nwsource.com/html/businesstechnology/2009419355_brokeredcds05.html
you are really doing and the money is put in a
Text is bank and Link is http://www.nytimes.com/2009/07/04/business/04brokered.html?_r=1&ref=global
bank that is using it wisely.
Fascinating reading on both ends. In these days of very low interest rates (under 1%), anything that pays even a low interest rate (3%) one still has to ask "is this too good to be true?"
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Fixed Income
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