Guests - If You want access to member only forums on HSO. You will gain access only when you sign-in or Sign-Up on HotSpotOutdoors.

It's easy - LOOK UPPER right menu.

Sign in to follow this  
Followers 0
upnorth

Interest Rates?

44 posts in this topic

Anyone have any idea of where interest rates are going to go? I have 2 CDs coming due and the rates stink right now. Are they going up in the near future?

Share this post


Link to post
Share on other sites

I'd guess that the rates aren't going up too soon. Banks can still buy money cheap from the Fed so there's no point in offering high CD rates to customers.

If a bank's CD rates seem much higher than the competition, it may be an indication that the bank has had a big loan default and is looking for cash. I'd be leery if this were the case.

Over the past year I have been moving CDs into bonds.

Share this post


Link to post
Share on other sites

What kind of bonds? US savings bonds?

Share this post


Link to post
Share on other sites

Interest rates on CD's won't be going up any time soon. They are less than 1% right now. The only way you can get a better rate is by locking in for a 24 month CD. Those are paying about 2.5%. But..... 18 months from now could be a very different story. Don't lock into anything long term right now.

Share this post


Link to post
Share on other sites

Thanks guys. My bank is offering 3% but you have to lock in for 39 months, like 1.7$ for 18 months crazy

I have 1 due now and another at the end of the month coming due. The rates just keep dropping and I can't see continuing to do the same thing with such poor returns.

Share this post


Link to post
Share on other sites

You can get 1.5% in an ING Orange Savings account. Their rates for savings accounts are some of the most competitive you will see. They will give you $25 for opening an account.

Share this post


Link to post
Share on other sites

Right now, I would stick with an interest bearing account rather than a CD, or an alternative investment. There is no sense in locking up your capital, when you can get a comparable rate and still have access to your cash.

Share this post


Link to post
Share on other sites

Right now, I would stick with an interest bearing account rather than a CD, or an alternative investment. There is no sense in locking up your capital, when you can get a comparable rate and still have access to your cash.

You can buy TIPS (treasury Inflation Protected Securities) either direct from Government or in mutual fund. They pay interest, plus the principal is indexed to inflation. Prices in the market for TIPS are not forecasting much inflation for the next few years.

Share this post


Link to post
Share on other sites

Right now, I would stick with an interest bearing account rather than a CD, or an alternative investment. There is no sense in locking up your capital, when you can get a comparable rate and still have access to your cash.

Savings account interest rates are close to non existent right now. I have already looked at that. And I really would like to make a few $$$ in coming months.

And I looked at ING as I have them for a 403.b and their rates to length of term are not so good either.

Share this post


Link to post
Share on other sites

I realy don't think you are going to find anything that pays to much at this time. I would love to have the intrest rates my folks were getting on CDs in the late 70 and early 80's

They were in the 18% range.

Share this post


Link to post
Share on other sites

I would be happy with 4 - 5% right now.

Share this post


Link to post
Share on other sites

You pay for higher ING rates. They make you wait a few days to get your money after a withdrawal

Share this post


Link to post
Share on other sites

I know the MMA's/savings/etc rates stink right now, but they aren't much worse than the rate you quoted above. 3% for over a 3 year tie up isn't worth it in my mind, thus keeping it liquid until the market turns around or find alternative investments (bonds, etc...) I don't think you are going to find 4-5% right now on any CD's or interest bearing accounts. If you do, let us know where!

Share this post


Link to post
Share on other sites

Quote:
I don't think you are going to find 4-5% right now on any CD's or interest bearing accounts. If you do, let us know where!

OK...I was fantasizing abit. Can't blame a guy for wanting.

I definetely agree that I don't want my money tied up for 39 months at 3%.

Share this post


Link to post
Share on other sites

You're better off spending your money. Actually, I have a savings acct. with HSBC direct. Their rates have also been dropping, but the latest rate was to 1.65%, where it was a couple days ago. There is no minimum for opening the account. However, 1.65% doesn't amount to a heck of a lot, so I'm going to spend a bunch. It's a lot more fun. grin Besides that, the feds will be after their share of even that meager amount. mad

Share this post


Link to post
Share on other sites

I would love to start spending, but do need a little cushion. Never know when you are gonna a few $$$

Share this post


Link to post
Share on other sites

I had a couple of CD's come due in late Feb. I couldn't see getting 2 to 3% for approx. 3 years, so I bought stocks. There are some really good deals out there right now. GE would be one. Lots of others, but do your homework.

Another thing one might do is use the cash to update the house or vehicle. If you need a roof, windows, furnace, car or something like that there are some incentives that make these purchases a better value than getting the interest rate and still having to pay taxes on the gain.

Share this post


Link to post
Share on other sites

How do you buy the stocks? do you have a broker or do you do it online by yourself?

Share this post


Link to post
Share on other sites

You ever thought of putting that money into a municipal bond?

Share this post


Link to post
Share on other sites

This money is money that I want in something stable, dependable and insured. I don't want to put this in anything with any risk. I have enough in mutual funds and bonds now and have taken a huge beating frown Call me chicken, but this portion is going to be as safe as possible.

Share this post


Link to post
Share on other sites

How do you buy the stocks? do you have a broker or do you do it online by yourself?

I have an Etrade and Schawb account. A good way to get started is to look at buying index funds. That way you live with the whole market and the fees are minimal. The book Investing for Dummies is a good book for some basic information on how markets work. Again, do your homework because there are no guarntees.

Up North makes a good point about being diversified. I still have a cash element in by portfolio, but the market is providing a good opportunity to buy. The reason the market has gained in the last two weeks is because those bargain stocks are being bought. Hopefully the buys will continue.

Share this post


Link to post
Share on other sites

I am putting money into 3 different 403.b account to the tune of $600 per month and my wife probably another $125. Not to mention 3 different IRAs based on Bonds and Mutual funds. Need some money in a safe place.

Share this post


Link to post
Share on other sites

I would probably go with a money market or cash certificate account.

Your money will be safe however it will only earn 1-2%. But a small gain is usually the case when you are looking for something safe.

Having the MMA or CCA you'll know your money is safe during a turbulent time and it will be earning a little for you. You'll also have access to it if you lose a job or need quick cash for something.

As the market turns around you'll also have immediate access to this money to move into other investments that make sense as rates change.

I keep my "safe money" in a cash certificate account, not to long ago it was earning me 4% which isn't bad for a zero risk investment. Although now its earning me closer to 1%. But I still know that my fall back money is safe and sound if I need it. Its nice to know atleast one of my investments isn't taking a daily kick to the gut.

Share this post


Link to post
Share on other sites

I can get a 9 mon cd from my bank at 1.3% and I think that is what I am going to do with most of this cd and put a couple thousand in I series savings bonds.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0



  • Posts

    • little early fer that fish aint it!!!!!! I wanna see pictures of you camping come tomorrow morning when da blizzard comes thru!!!!!!!!!!!! nice pictures though!!!!!!!!!!!
    • If I understand correctly this only for bows. I have a crossbow and from what I understand it is considered a firearm. Is that the case? My son has a bow and has the archery tag.
    • so ... dillon has a bird to enter and 1957 is still hunting? looks like we are in good shape, but lot of guys still hunting in MN and WI, i assume   ended my season friday. got the blind set up before the shower started. it quit right before sunrise time and there was lots of gobbling on the roost a couple hundred yards away but none where i heard them close by when scouting a couple days earlier. a few distant gobbles on the ground, then nothing after the rain and wind picked up again. finally saw a hen step out of the woods about 830 and start heading toward me. soft yelps kept her coming, then out steps a big tom and several more hens heading my way but when they got to an opening in the fence from the stalk field into another timber, the tom paused, i had the bead on him, decided it was too far, and then they were gone the rain quit a half hour later and i ramped up the calling with some louder yelps and cutts. a few minutes later a head comes over a rise in the field and its a solo tom. he ignored the dekes and headed toward the fence gap where the others went, stopped and fanned without gobbling, but some soft yelps, clucks and purrs kept him coming my way. dropped him at 40 yards after stepping it off to where he lay, i kept going to where the other tom left the field and it was 55 big steps, so glad i didnt shoot went 23, 10, 1 but the rain cut loose again on the way back to the truck so i didnt take pictures  
    • If you were anywhere close to southern Minny I would invite you over and let you drive mine and show you the things I look for both in the jeep and plow since mine seems pretty close to what you are looking for. If you have any questions PM me.
    • Good luck PFUNK! Looking like that will be my next day out too. forecast looks good as well!
    • I think the TJ might be the best choice with the 4.0 which is what I did.I bought the plow used after the fact. I got the plow for 1200 but the wiring was not good nor was the mount so I had a new custom, heavier duty mount made at a fab shop and I bought a brand new wiring kit from Western. I also bought all stainless bolts for it so there are no rust issues with them. Wiring the plow was a task. I basically had to remove the entire interior including console, seats and many dash parts to run the wiring.   One thing to consider- There is really very little room for much of anything in them. Running new wires, adding a speaker anywhere or even having 2 guys, 2 guns, a dog and a cooler is a tight fit. The back seat works for kids but not adults and mostly I take my back seat out so I have at least some room to put stuff. Running the wiring to run the plow took probably 8 hours or more spread over a few days and for a bigger guy it's pretty much impossible to reach under the dash and run wires,connect to fuse blocks even with the seat removed.    But the ability to take off the top and cruise the gravel roads with no doors while hunting is not possible in basically any other vehicle except maybe a Manx Dune buggy which has also been on my bucket list and those aren't 4x4. 
    • Anyfish is correct,I will add you can buy a archery tag and hunt the entire rest of the season in any turkey zone. 
  • Our Sponsors