CD's

[Anonymous No.12677628]

What's the point of these?

I lend you $100k for a year and all I get is ~$2,700?

What a fucking scam desu.

[Anonymous No.12677665]

>>12677628
They don't need your money when the reserve will give them trillions with zero interest which they then loan out from anywhere to 2 to 15% interest.

[Anonymous No.12677686]

Here’s a hint: you need much more than 100k to really profit from a CD.

[Anonymous No.12677862]

>>12677628
Yes its a scam. You can get 3mo T-Bills @2.4%, 6mo @2.5% and they are the most liquid instruments on earth.

Why would you willingly tie up your money for a year or two or whatever for .3%, when rates are prob gonna rise and you can roll your T-bills into the higher rates. Lets not even mention that T-bills aren't taxed at the local/state level while CDs are.

Why do you think guys like Buffett are rolling 3-mo t-bills until an opportunity comes up? There's literally no better cash equivalent out there.

[Anonymous No.12678121]

>>12677862
How to buy them though

[Anonymous No.12678215]

>>12678121
Treasury Direct, Chase You Invest, Merrill Edge you can buy treasuries without fees. Not sure about others.

[Anonymous No.12678222]

>>12677862
based

[Anonymous No.12678342]

>>12677628
That's really more for business payroll cash. A business can use CD's to earn a little extra cash on their liquid by using CDs.