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How Safe is GE Interest Plus?

Thursday, January 28, 2010 - 7:58 AM
The safety of GE Interest Plus Corporate Notes is discussed in this Bogleheads thread. These notes are currently paying 2.20% yield for balances of $50K+, but they are not FDIC insured.
4
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Thursday, January 28, 2010 - 7:11 PM
IMHO too much risk and not enough return.
5
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,919
2. Thursday, January 28, 2010 - 7:24 PM
This is essentially a liquid corporate bond investment.  It is a direct loan to a finance company.  it is similar to what you give to the bank for opening checking and savings accounts, but it isn't insured.
3
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,919
3. Sunday, January 31, 2010 - 10:51 PM
I've made much more with GE's bonds than would ever on this.  Why choose this over their bonds?  If they go BK, you are ****ed either way.
3
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,919
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