Well, the Rolling Stones sure couldn't get "no" satisfaction, and I can't get "no" interest these days. I tell you, it's enough to make Rodney Dangerfield come out with a whole bunch of "no" respects.
Have interest rates ever been lower?
At my bank here in Spring Grove, Illinois, (I won't say the name for embarrassment), things are low. How low can you go, well, lower.
Here are the rates for April 30th to May 6th, 2013.
Savings-- .08%
Passbook (less than $10,000)-- .08%
Passbook (more than $10,000)-- .12%30, 60 and 90-day CDs-- .01%
180 Day CD-- .15%
1 Year to 2 year CDs-- .20%
3 year CD-- .30%
5 year CD-- .70%
And why are interest rates so low. Thank our good folks in the government who believe that the economy will recover faster if the GRBs have plenty of money to invest at cheap interest rates.. You remember the GRBs, these are the same folk that caused the Great Recession.
So, the government is really helping out the GRBs and really sticking it to the regular folks who don't have to have huge returns and get CD investments. But, at least I'd like to see 2-3%.
In my mind, anything below 1% is just not worth it.
Hey, Obama, How About Helping Out the Little Guys for a Change? --RoadDog
No Pun intended.
Being an account of some things I'm interested in, what I'm doing, and reflections on my past, especially music.
Listen to this man. Seven years of college, you know. Trying to reason with 2020 and, now, 2022.
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