When will this stop?

[Navydoc]

Ok, so I need to vent a little here. I have a CD coming to maturity this summer, dividend rate 4.8%, had it for 2 years. I decided to transfer the balance at maturity to my money market account, planning to use the money next spring/summer for a down payment. I realized I was going to lose some interest by doing this, but needed the liquidity tradeoff. My new interest rate is 2.3% on the money market, and to really piss me off I checked the dividends on a new CD, and guess what? 2.71% on a 1 year!

This move will cost me over $1000 this year. Thank you Ben Bernanke. Shall I bend over some more? I was aware they really were punishing the saver with this monetary policy, but this is the first time I’ve really felt it.

How much longer can this go on? Couple crap interest rates with REAL inflation numbers and pretty soon nobody’s going to have any money left to buy anything.

[JWM in SD]

When the bond market and / or Foreign Creditors say no more. Or until the housing market and the resulting bad debt is nationalized by the Treasury and treasuries rates skyrocket in response. Oh wait, we will all get commensurate cost of living adjustments to make up for it right? Yeah right…if you still have a job that is.

[JWM in SD]

When the bond market and / or Foreign Creditors say no more. Or until the housing market and the resulting bad debt is nationalized by the Treasury and treasuries rates skyrocket in response. Oh wait, we will all get commensurate cost of living adjustments to make up for it right? Yeah right…if you still have a job that is.

[JWM in SD]

When the bond market and / or Foreign Creditors say no more. Or until the housing market and the resulting bad debt is nationalized by the Treasury and treasuries rates skyrocket in response. Oh wait, we will all get commensurate cost of living adjustments to make up for it right? Yeah right…if you still have a job that is.

[JWM in SD]

When the bond market and / or Foreign Creditors say no more. Or until the housing market and the resulting bad debt is nationalized by the Treasury and treasuries rates skyrocket in response. Oh wait, we will all get commensurate cost of living adjustments to make up for it right? Yeah right…if you still have a job that is.

[JWM in SD]

When the bond market and / or Foreign Creditors say no more. Or until the housing market and the resulting bad debt is nationalized by the Treasury and treasuries rates skyrocket in response. Oh wait, we will all get commensurate cost of living adjustments to make up for it right? Yeah right…if you still have a job that is.

[HLS]

Doc,,
You’ve sold yourself short..
4.8% was a crappy rate 2 years ago and 2.30% is crappy today, as well as 2,71% for a 1 YR CD..

Liquid rates are in the high 3’s today, maybe 4%, and I am pretty sure that you can get well over 4% for a 1 or 2 year CD.
It’s FDIC insured. The govt is bailing out homeowners, they will bail out bank depositors too.

Assuming that you want to have US$ account, I think it’s foolish to not go to the highest paying, riskiest FDIC insured joint.

Just know the FDIC limits of coverage per account, etc.

[HLS]

Doc,,
You’ve sold yourself short..
4.8% was a crappy rate 2 years ago and 2.30% is crappy today, as well as 2,71% for a 1 YR CD..

Liquid rates are in the high 3’s today, maybe 4%, and I am pretty sure that you can get well over 4% for a 1 or 2 year CD.
It’s FDIC insured. The govt is bailing out homeowners, they will bail out bank depositors too.

Assuming that you want to have US$ account, I think it’s foolish to not go to the highest paying, riskiest FDIC insured joint.

Just know the FDIC limits of coverage per account, etc.

[HLS]

Doc,,
You’ve sold yourself short..
4.8% was a crappy rate 2 years ago and 2.30% is crappy today, as well as 2,71% for a 1 YR CD..

Liquid rates are in the high 3’s today, maybe 4%, and I am pretty sure that you can get well over 4% for a 1 or 2 year CD.
It’s FDIC insured. The govt is bailing out homeowners, they will bail out bank depositors too.

Assuming that you want to have US$ account, I think it’s foolish to not go to the highest paying, riskiest FDIC insured joint.

Just know the FDIC limits of coverage per account, etc.

[HLS]

Doc,,
You’ve sold yourself short..
4.8% was a crappy rate 2 years ago and 2.30% is crappy today, as well as 2,71% for a 1 YR CD..

Liquid rates are in the high 3’s today, maybe 4%, and I am pretty sure that you can get well over 4% for a 1 or 2 year CD.
It’s FDIC insured. The govt is bailing out homeowners, they will bail out bank depositors too.

Assuming that you want to have US$ account, I think it’s foolish to not go to the highest paying, riskiest FDIC insured joint.

Just know the FDIC limits of coverage per account, etc.

[HLS]

Doc,,
You’ve sold yourself short..
4.8% was a crappy rate 2 years ago and 2.30% is crappy today, as well as 2,71% for a 1 YR CD..

Liquid rates are in the high 3’s today, maybe 4%, and I am pretty sure that you can get well over 4% for a 1 or 2 year CD.
It’s FDIC insured. The govt is bailing out homeowners, they will bail out bank depositors too.

Assuming that you want to have US$ account, I think it’s foolish to not go to the highest paying, riskiest FDIC insured joint.

Just know the FDIC limits of coverage per account, etc.

[Navydoc]

I was living overseas when I opened it 2 years ago. These are Navy Fed’s rates as of April. I completely agree that the 2.3 is crappy, that’s why I posted. It really pisses me off. When the money becomes liquid in June I may be open to suggestions on what to do with it.

Please understand, I have NEVER stated I was a financial genius. I’ll leave that to the traders in here. Most of my efforts, this blog notwithstanding, go to making myself a better physician. As I’ve stated before, I think it is extremely difficult to be a good physician AND a good businessman. They seem to require different types of minds.

[Navydoc]

I was living overseas when I opened it 2 years ago. These are Navy Fed’s rates as of April. I completely agree that the 2.3 is crappy, that’s why I posted. It really pisses me off. When the money becomes liquid in June I may be open to suggestions on what to do with it.

Please understand, I have NEVER stated I was a financial genius. I’ll leave that to the traders in here. Most of my efforts, this blog notwithstanding, go to making myself a better physician. As I’ve stated before, I think it is extremely difficult to be a good physician AND a good businessman. They seem to require different types of minds.

[Navydoc]

I was living overseas when I opened it 2 years ago. These are Navy Fed’s rates as of April. I completely agree that the 2.3 is crappy, that’s why I posted. It really pisses me off. When the money becomes liquid in June I may be open to suggestions on what to do with it.

Please understand, I have NEVER stated I was a financial genius. I’ll leave that to the traders in here. Most of my efforts, this blog notwithstanding, go to making myself a better physician. As I’ve stated before, I think it is extremely difficult to be a good physician AND a good businessman. They seem to require different types of minds.

[Navydoc]

I was living overseas when I opened it 2 years ago. These are Navy Fed’s rates as of April. I completely agree that the 2.3 is crappy, that’s why I posted. It really pisses me off. When the money becomes liquid in June I may be open to suggestions on what to do with it.

Please understand, I have NEVER stated I was a financial genius. I’ll leave that to the traders in here. Most of my efforts, this blog notwithstanding, go to making myself a better physician. As I’ve stated before, I think it is extremely difficult to be a good physician AND a good businessman. They seem to require different types of minds.

[Author]

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