Friday, February 2, 2024

Cd Rates


                                                         Hello My Cheap Cheetah Family.  


So, how's 2024 treating you so far. Most importantly how is your money treating you in the new year. Here's what I have been doing looking at bank rates on certificates of deposits. Right now my bank is offer 5.5% on their cd rates. Which is pretty good compared to 0.07% that you would get on a checking or saving account. At least with a cd account you can make a little bit of money on your money. To open an account in some banks it's only $100 and in others like mind is $500. I know that interest on $500 is not much but it beats what the stock market is giving you which that interest goes up and down too much for me.

So now I am scouting for better Cd rates and trying to scrape the $500 dollars together to put into one that will offer me a bit extra for doing so. I know your saying cd rates sucks. But what the heck it beats buying lotto tickets and losing all the time. That's another story for another day. I rather get a little bit then none at all. And yes, you have to pay tazes on the interest but if you have a lot of deductions or you don't make any money like me then your good, I think. Well, that's one of my cheap cheetah ways to make some money see who paying good interest and open an account at that bank.

                                                     Have a great Cheap Cheetah day & Save That Money! 

No comments:

Post a Comment