Skip to content
Personal Finance

User Stats

499
Posts
166
Votes
Jane S.
  • Flipper/Rehabber
  • Colorado Springs, CO
166
Votes |
499
Posts

whats your opinionof this short term CD

Jane S.
  • Flipper/Rehabber
  • Colorado Springs, CO
Posted Jan 18 2024, 19:37

My bank offers a 9-month CD at 4.9% interest which comes to $1872.00 for the 9 months ($50K)

I think its a good deal how about you?

thanks

User Stats

6,591
Posts
6,909
Votes
Bjorn Ahlblad
Pro Member
#2 General Real Estate Investing Contributor
  • Investor
  • Shelton, WA
6,909
Votes |
6,591
Posts
Bjorn Ahlblad
Pro Member
#2 General Real Estate Investing Contributor
  • Investor
  • Shelton, WA
Replied Jan 18 2024, 20:35

You can find savings accounts that pay that without tying up your money at all. Google.

User Stats

14,778
Posts
12,184
Votes
Chris Seveney
Pro Member
#3 All Forums Contributor
  • Investor
  • Virginia
12,184
Votes |
14,778
Posts
Chris Seveney
Pro Member
#3 All Forums Contributor
  • Investor
  • Virginia
Replied Jan 19 2024, 04:41

@Jane S.

If you have no place to put your money then yes. It’s all about what are your other options?

Would you take 8% over 2 years or 5% for @

1 as an example? Not a clear cut answer but that will keep up with inflation so it’s not bad

BiggerPockets logo
BiggerPockets
|
Sponsored
Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes