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Thread: 5% APY on CD's

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  1. #1

    Default 5% APY on CD's

    I have gotten offers for 5% on a CD through Synchrony Bank. I was going to jump on it until I heard Glenn Beck talk about how the TBTF banks would run these rates and cause runs on the smaller banks as customers fled to chase rates causing smaller banks and credit unions to suffer deposit losses that could threaten their solvency. Once the big banks got your money in they could offer a higher rate if you would just allow them to convert the NEW United States Digital Dollar the help prevent criminal activity.... You want higher interest and protect against criminal activity, don't ya?

    I have to say I am tempted, but I also don't want to hurt my credit unions.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  2. #2

    Default

    I think I'll keep my money in a NTBTF credit union
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  3. #3

    Default

    I jumped on the Synchrony CD. I'll let you know if I get hooked into the CBDC.

  4. #4

    Default

    Quote Originally Posted by BodieGhost View Post
    I jumped on the Synchrony CD. I'll let you know if I get hooked into the CBDC.
    You'll know it if it happens. I'm sure it will be well publicized.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  5. #5

    Default

    One year non-callable bank CD's were in the 5.1% to 5.2% range today. One year Treasuries are 5.37%
    American Legion Preamble: https://www.legion.org/preamble

  6. #6

    Default

    It's possible that I'll store my funds at an NTBTF credit union.

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