You done a great job on this video. Bank rate does do a great job with keeping up with the highest current CD rates. Raisin is a good source as well for those who are looking for high yield savings accounts.
I just recentley learned about CD rates. I was considering investing $2-4000. Just for clarity the interest rate is applied yearly or monthly. I saw you mentioned lending club is a minimum of $2500 which would gain you only $141 per year. That doesnt sound like the best deal for me because the amount of gain to time ratio is not enough. To be clear they payout per year? or is $141 a month?
Hello. I just put $100k in a 2 month CD through Chase. 5% APY. Thought it was great. Only 2 months. After it matures I could just do it again right? . This is my first time investing.
I dont think they would have fees since your putting your money in their system to get small interest gain. Only other things similar would be the deposit requirement for some. Just my guess i could be wrong
Not sure how this works you said 2500 cd you only make 141 for 12 months? Confused so you would need 10 grand or 50 grand to make money anyone please help I like this guy great videos 👍👍👍
Do you know of any better CD rates right now?
Yes, Members 1st fcu
You done a great job on this video. Bank rate does do a great job with keeping up with the highest current CD rates. Raisin is a good source as well for those who are looking for high yield savings accounts.
Im actually surprised that Santander is also up to between 5.00% 5.50%
I just recentley learned about CD rates. I was considering investing $2-4000. Just for clarity the interest rate is applied yearly or monthly. I saw you mentioned lending club is a minimum of $2500 which would gain you only $141 per year. That doesnt sound like the best deal for me because the amount of gain to time ratio is not enough. To be clear they payout per year? or is $141 a month?
When do you think CD rates will peak? I’m waiting to see if there is a hike on November 1
This is the highest I’ve ever seen
Hello. I just put $100k in a 2 month CD through Chase. 5% APY. Thought it was great. Only 2 months. After it matures I could just do it again right? . This is my first time investing.
Did you notice if some had fees or are cds straightforward rate
I dont think they would have fees since your putting your money in their system to get small interest gain. Only other things similar would be the deposit requirement for some. Just my guess i could be wrong
No fees. Just an early withdraw penalty if you take out money early (but that’s not a fee. Just a consequence of breaking the contract)
@jack8356 You’re right. No fees
Not sure how this works you said 2500 cd you only make 141 for 12 months? Confused so you would need 10 grand or 50 grand to make money anyone please help I like this guy great videos 👍👍👍
Dont you still have to pay taxes on that?
Yes
Yes on the interest
Of course 😂IRS always around the corner to Collect
cool