Would it be insane ....

Comments

• kiyote Posts: 5,588 ✭✭✭✭✭

  August 21, 2006 7:13AM

  
  
  << <i>to leave $150,000 in a PayPal account? They pay over 5% interest....
  
  Dave >>
  
  
  
  Waking up to find it all gone seems like a possiblity. o.O

  "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.

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• JapanJohn Posts: 2,030 ✭

  August 21, 2006 7:20AM

  Totally, utterly insane Paypal Stinks
  
  I personally know two people who have had their accounts frozen.
  
  Take the money and buy a CD.
  
  John

  Coin Photos
  
  Never view my other linked pages. They aren't coin related.

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• kranky Posts: 8,709 ✭✭✭

  August 21, 2006 7:42AM

  If there is any way Paypal can seize funds from the account, that would be insane.
  
  Emigrant Bank and HSBC also pay over 5% interest, along with plenty of mutual funds' money market accounts, and you don't have to fear.

  New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

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• robertpr Posts: 6,862 ✭✭✭

  August 21, 2006 7:49AM

  I agree with the folks who mentioned a CD. Most banks allow their tellers to negotiate the CD rate up a quarter to a half of a percentage point above their published rate as well, so ask at your local bank. Especially with that much money, you may even get a larger bump than that if you speak to the manager (though it's not highly likely).

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• JJM Posts: 8,089 ✭✭✭✭✭

  August 21, 2006 7:54AM

  YES

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• Heywood Posts: 1,246 ✭✭✭

  August 21, 2006 8:01AM

  my dad just got a 4 month CD @ 5.75

  
  
  A witty saying proves nothing- Voltaire (1694 - 1778)
  
  
  
  An error does not become truth by reason of multiplied propagation, nor
  
  does the truth become error because nobody will see it. -Mohandas K. Gandhi (1869-1948)

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• AceK Posts: 414

  August 21, 2006 8:04AM

  That would be an exceedingly poor place to leave such a sum, as the risk/reward ratio is far too high. Seek either higher return or lower risk.

  

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• 1985ChicagoBears Posts: 164

  August 21, 2006 8:06AM

  In a word - YES
  
  Move it out of there. The interest difference on temporary funds is not that great. If the $150,000 is more permanent, then put it into another investment vehicle -- C/D, etc.

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