My CD Is About To Mature

Discussion in 'Blazers OT Forum' started by ABM, Mar 13, 2009.

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  1. ABM

    ABM Happily Married In Music City, USA!

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    I have a sizeable bank CD that will mature at the end of this month. I'm considering renewing it, but not sure. I have a job waiting for me in Oregon, but the income is not guaranteed. Therefore, I'm also considering turning the CD into something a bit more liquid.

    Any suggestions? Money Market?

    Thanks in advance.

    ABM
     
    ABM, Mar 13, 2009
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  2. ABM

    ABM Happily Married In Music City, USA!

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    Sorry. This was meant for the OT Forum.
     
    ABM, Mar 13, 2009
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  3. THE HCP

    THE HCP NorthEastPortland'sFinest

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    I just got a Notorious B.I.G. remix CD! It is sick!
     
    Last edited: Mar 13, 2009
    THE HCP, Mar 13, 2009
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  4. BoBoBREWSKI

    BoBoBREWSKI BURP!

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    I just burned a Rise Against CD from iTunes!
     
    BoBoBREWSKI, Mar 13, 2009
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  5. noknobs

    noknobs Well-Known Member

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    Dude just get an ipod. I can't remember the last CD I actually bought.
     
    noknobs, Mar 13, 2009
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  6. THE HCP

    THE HCP NorthEastPortland'sFinest

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    The new iPod shuffle came out yesterday. That probably would be the way to go!
     
    THE HCP, Mar 13, 2009
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  7. andalusian

    andalusian Season - Restarted

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    Get the Zurs iPod holder from OddEnormous
     
    andalusian, Mar 13, 2009
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  8. ABM

    ABM Happily Married In Music City, USA!

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    :lol:

    Shoulda known. :drumroll:
     
    ABM, Mar 13, 2009
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  9. AgentDrazenPetrovic

    AgentDrazenPetrovic Anyone But the Lakers

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    My fucking HSBC Direct rate is now at 1%. used to be 4%. fuckers.
     
    AgentDrazenPetrovic, Mar 13, 2009
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  10. BoBoBREWSKI

    BoBoBREWSKI BURP!

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    Got an iPhone and an iPod, just dont have the stuff to hook it up to my car/truck stereo's.
     
    BoBoBREWSKI, Mar 13, 2009
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  11. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    I would recommend keeping your money liquid right now. Also, do NOT tell your wife about it. :ghoti:
     
    BLAZER PROPHET, Mar 13, 2009
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  12. ABM

    ABM Happily Married In Music City, USA!

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    Yes, and, unfortunately, the price of beer keeps going up.
     
    ABM, Mar 13, 2009
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  13. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    So stop drinking beer and go to California where cocaine will be soon legalized.
     
    BLAZER PROPHET, Mar 13, 2009
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  14. Dumpy

    Dumpy Yi-ha!!

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    ABM,

    One strategy is to split your funds into two or more piles, and stagger multiple CDs with the same term, so that if you need money quickly, you don't have to wait long for it. So, for example, you could split your money in quarters: put half in a six-month CD, half in a one-year CD, and in three months do the same with the other half. When each of the six-month CDs mature, you renew them for a 12-month term. Since typically longer-term CDs pay a slightly higher rate, you get the benefit of the better return, plus you don't sacrifice as much liquidity. Of course, right now I don't think that a longer term CD pays much more than a short-term one, if at all, but over time it works out.

    Depending on the size of your savings/checking account, you could possibly make due with just two or three CDs instead of four, but I'm sure you get the idea.

    Best,

    --d
     
    Dumpy, Mar 13, 2009
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  15. ABM

    ABM Happily Married In Music City, USA!

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    Outstanding advice. Thank You!

    (I knew somebody would come through without being a smarta$$)
     
    ABM, Mar 13, 2009
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