CD's ?? Late yesterday

[byu71]

the firm put out they had 5 million in a 1 year CD available. Rate, .45. Just got an e-mail that says only a half million left.

Why would you buy a 1 year CD yielding .45. Not saying there aren't good reasons, I just can't think of one.

$100,000 gets you $450. Even if your MM only paid .25, you are only making an extra $200. After taxes and tithing, well forget tithing most of those people probably don't pay it, it amounts to an extra $130. $10 a month. Why would anyone tie up their money for $10 a month?

Yea, I am really bored waiting for the game to start.

[Parrot Head]

Yeah, I've been amazed when I see some of the rates out there on long-term CDs that anyone would bite on some of those. But that one is amazing. With that much I'd rather give $1k to someone and say have some fun with options and go for some extra bucks that way.