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Retirement Savings: How Much Should I Save Each Month?The Best Deal on a 6-Month CD
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POSTED
ON BY Ken Tumin
If you're wanting the best deal on a 6-month CD, you should get in on this new program at BestCashCow.com. Here's a piece of the press release:
All you have to do is to log into BestCashCow's message forum and state your intent to open a 6-month CD along with the amount you plan to deposit. Participation is free and there's no obligation to purchase a CD.
They currently have 14 CD deposit pledges with pledges ranging from $5K to $1.7M. I don't think there's any minimum or maximum pledge amount.
Users now have a 2 week "Open Period" (until 10/31/05) to visit the site and pool their demand for 6 month CDs. At the end of this "Open Period," BestCashCow.com will compile details on the number of participants and the amounts intended to be committed. The site will then shop this amount to various banks and ask them to provide their best rate. The bank that provides the highest above market offer will be presented to the community. Four weeks after the end of the CD program, the site will launch an Open Period for Savings Accounts.
All you have to do is to log into BestCashCow's message forum and state your intent to open a 6-month CD along with the amount you plan to deposit. Participation is free and there's no obligation to purchase a CD.
They currently have 14 CD deposit pledges with pledges ranging from $5K to $1.7M. I don't think there's any minimum or maximum pledge amount.