2. Wednesday, January 9, 2013 - 7:48 PM
Chris: Interesting article. I have been working with CDs for over 40 years and very rarely did I find that going for shorter terms was the best option. If the financial heads tell me to go short, I usually go with what I am reading in the news etc. and end up with 5 year or longer CDs. Frankly we are surviving on the long term CDs I got some years ago when the bankers were even encouraging me to buy shorter terms in case rates go up. I know what percent we need for our income and I stick with that no matter what term I have to go to. However, I have never had to go past 7 years for a CD. Thanks for sharing the article.
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3. Thursday, January 10, 2013 - 8:25 AM
Thank you to the bot of you. I'm glad it was useful. 40-years, that's a long time. :O) I'm just a baby at 13-years. We have a CD in our sytem that was opened back in the early 90s with an 8% rate. It is a 30-year CD and the bank is still open.
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