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Thoughts On Ford Credit? 1.11% APY

Tuesday, October 29, 2013 - 10:16 PM 

Obviously, not FDIC insured.


How would one pay taxes on this? Is it simple interest (1099-INT) or something a bit more complex?



Original article from Ken a few years ago:
DaveDave23 posts since
Jul 21, 2010
Rep Points: 72
1. Wednesday, October 30, 2013 - 3:22 AM
It's the same as CDs. You will get a 1099 for the interest that is credited to your account.
loulou552 posts since
Aug 3, 2010
Rep Points: 3,431
2. Wednesday, October 30, 2013 - 3:15 PM
Doesn't seem to be a high enough rate to get over not being FDIC insured. 
ChrisCDChrisCD70 posts since
Nov 18, 2010
Rep Points: 457
3. Wednesday, October 30, 2013 - 4:56 PM
Hi Chris, I agree with you but at least Ford Credit has recently been upgraded to an investment-grade status, so for the time being I think the chances of the company defaulting on these securities are pretty low. Although if I had money in this account, I would watch it carefully.
loulou552 posts since
Aug 3, 2010
Rep Points: 3,431