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03-27-2023, 06:33 PM
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Gold member
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Join Date: Mar 2019
Posts: 1,199
Thanks: 22
Thanked 1,097 Times in 531 Posts
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Quote:
Originally Posted by fgaba1949
the single safest place in the entire world to put your savings is like a 1 year T note ,,especially right now with the huge interest rate .....
Seriously Not sure why anyone would have money in a bank right now when the T NOTES are paying such a huge amount in interest ,,,,,also remember if you open a lets say a CD 10,000 then you must put in $10,000 ..when you buy a 10,000 T Note you put in less then $10,000 to open it .......and their are small tax advantages for some...
As a retired banker with one of the BIG BANKS
a neighbor in the Villages asked me what to do with 2 year CD paying less then .70 % and has 12 months to go,,,,,my advise dump the CD pay the little penalty and start earning almost 5 % with a 1 year T note ,,
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Since the issues at SVB, CD's are now yielding higher rates than Treasurys.
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