PebHmong Discussion Forum

General Category => General Discussion => Topic started by: hmgROCK on July 17, 2020, 10:01:31 AM

Title: show you guys the power for compound interest: CD account..none of that 0.1% BS
Post by: hmgROCK on July 17, 2020, 10:01:31 AM

about two years ago, when the FEDs start cutting interest rate
i had some cash in hand.....
i put away $10,600 into a 5 years CD Rate at 2.8%   (can't find that rate these days)

CD are safe, low risk
high interest account
i got 2.8%

almost $11.3k today!!!


PIC OR IT DIDN'T HAPPEN

Title: Re: show you guys the power for compound interest: CD account..none of that 0.1% BS
Post by: hmgROCK on July 17, 2020, 10:05:51 AM

CD rate these days are pretty low
around 1% ish

you can check the rate here

https://www.nerdwallet.com/best/banking/cd-rates?trk=nw_gn2_4.0 (https://www.nerdwallet.com/best/banking/cd-rates?trk=nw_gn2_4.0)

they call me the hmong nostradamus
i lock in my rate two years ago when they start cutting it


IT'S JUST A GAME MAN

Title: Re: show you guys the power for compound interest: CD account..none of that 0.1% BS
Post by: hmgROCK on July 17, 2020, 10:07:34 AM

some of yall be getting rob at your own bank with

0.1% saving rate

that's not even 1%
but a tenth

hahaha

just check your bank RATE
no emotion and loyality