Corus Bank Update (8/25) 12 months 4.52% APY

[MJ]

12 months 4.52% APY
6 months 4.09% APY

Parking your short term money is getting more and more profitable.

http://www.corusbank.com/

[wabmester]

Profitable? It looks like inflation is currently running at an annualized rate of 4.2%. Still, it's better than the sharp stick in the eye of the last couple years.

[MJ]

Quote:

Originally Posted by wabmester Profitable? It looks like inflation is currently running at an annualized rate of 4.2%. Still, it's better than the sharp stick in the eye of the last couple years.

WM,
I wasn't implying this was a profitable option and yes, for the last several years, the only choices for your short term money was putting it in a bank or your mattress. Didn't seem to make much of a difference.

[Spanky]

Quote:

...the only choices for your short term money was putting it in a bank or your mattress.

Isn't what you are suggesting to put the money in a bank (Corus Bank)?

[MJ]

Quote:

Originally Posted by Spanky Isn't what you are suggesting to put the money in a bank (Corus Bank)?

I was refering to short term money interest rates several years ago that were so low that there didn't seem to be a difference between putting your money under your mattress or in a bank.
Other then that, I'm not suggesting anything.

Thanks for the link MJ, some folks may not appreciate, but I do. Keep posting them!

[Spanky]

MJ, continue to post CD rates - thanks.

[ShokWaveRider]

Me Too. PLease continue Posting New Higher FIXED income rates as we find them.

SWR

[kayelem]

Thanks, MJ. I'm going to look in to that. I have some cash I need to stash......

[MJ]

As I am not a very knowledgeable or wise investor yet, the best I can do is alert the forum of CD updates.

I must confess, I also play the CEO of Corus Bank on a well known daytime soap, 8) so keep my role alive, buy those CDs. Thank you for your support.