I live, write, and garden in the PNW with my husband of 27 years, disabled daughter, college-aged son, and my 84-year-old mother. We have paid off $250,000.00 worth of debt (if you include the interest) in the last fifteen years and as of 6/12/2020 are 100% DEBT FREE!!!!...it probably is.
I saw someone on the forums saying there was a 1.8 percent CD at IGOBanking. It sounded way too good to be true. Well, they do have it, if you lock your money up for ten years. The rates for 1 year aren't even comparable to my ING savings account, which is at .8. This was at .35. Even the five year one was pretty low.
Now maybe interest rates aren't going to go up at all in the next ten years, and maybe it might be a good place to park your money if you didn't think you could make more with it anywhere else. But for ten years? I'd rather take a ten year gamble on the stock market earning more than 1.8 percent.
Sighs...If it Seems too Good to be True...
February 20th, 2012 at 03:49 am
February 20th, 2012 at 02:56 pm 1329749793