Quote:
Originally Posted by Boomer
I just took a quick look at brokered CDs and saw that they seem to be creeping down a little this week. There are not as many at the 5% mark.
Is anybody else wondering if the window on the 5% might be closing? The list of those available is definitely a lot shorter than it was a couple of weeks ago.
Boomer
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GM Rightnotes just increased their payout from 4.75 to 5%. This is not a CD. It is more like an interest bearing account. Interest accrues daily with no minimum time period. Easy to to deposit/remove money online to your bank account using online ACH transfer. It is not FDIC insured so if that is important, this is not for you. It is administered by Mellon Bank for General Motors
If you want any portion of your money back, you go online and set up the redemption amount and your money is deposited into your account on the next business day.