To add insult to injury, last year I opened a CD with my bank and put 5,000 USD in it. I did it as an experiment, and wanted to see how much it would earn if I didn't do any kind of trading or razzle-dazzle.
After the eleven month term, the CD earned all of $8.36. They get to keep my money for eleven months, and I can't touch it. If I remove it before its maturity date, I'm charged a penalty. And this penalty would be far more than the measly eight bucks and change the certificate would earn if left untouched!
Talking with others, I was to learn that no other banks are offering much better rates. Why don't the banks just hoist the Jolly Roger and be honest criminals?
Last edited by William A. Baurle; 04-30-2012 at 05:18 AM.
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