I blog mostly about stocks and investing since that is what interests me, but today I bought a CD.
IT PAYS LESS 1%
That's right I bought a 18 month CD that pays me 0.95%. This is money I will use to buy a different car in the future so I don't want to risk it in the stock market. I need to have the principle left intact. Here is a list of savings products I use. The CDs mature at the same time (meaning I bought the 24 month CD six months ago).
36 Month CD 1.64%
30 Month CD 1.29%
24 Month CD 1.09%
18 Month CD 0.95% (just bought this one)
Savings Account 0.11% (Seriously? BAHAHA)
Checking Account 0.01%
Look at these atrocious rates, is it any wonder dividend stocks have performed well the past couple years? Retirees need to find yield somewhere...
Oh and my bank advertises that the savings account pays twice the national average o.O