Sunday, April 18, 2010

Where is all the interest??

No, I'm not griping about a lack of interested readers for my blog.

I am griping about rock-bottom interest rates offered for our CD account!

In mid-2007, we were getting about $21/month in interest on a $5,300 CD.

In late 2007, we were getting about $36/month in interest on a $9,500 CD.

In mid-2008 we were getting about $30/month in interest on a $13,500 CD.

(Then that whole buying-a-house thing sucked out all of that money.)

We started up a CD again in September 2009 with $8,000.... and got about $1.70/month in interest for 3 months.

Then we got $1.35/month in interest for the next 3 months.

Now it looks like we will be getting $0.70/month for the next 3 months.

On eight thousand dollars! Seriously? Yeesh!

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