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Interest Rates...

Coll3ctorColl3ctor Posts: 3,387 ✭✭✭
in Precious Metals
I'm trying to plan my game for the coming year or two. When do you see CD interest rates moving higher and how high will they go ?

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    7over87over8 Posts: 4,733 ✭✭✭
    not anytime soon.
    two years of flat rates coming. at least.
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    RedneckHBRedneckHB Posts: 20,167 ✭✭✭✭✭
    Gold likes rising interest rates.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    goingbrokegoingbroke Posts: 1,410
    I sure hope soon! it sucks having $500,000 in the bank I am only getting 1% on my savings account
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
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    BearBear Posts: 18,953 ✭✭✭
    With Credit card interest at 30%, I believe that

    the average worker is already suffering from

    interest overload.
    There once was a place called
    Camelotimage
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    OPAOPA Posts: 17,162 ✭✭✭✭✭


    << <i>I sure hope soon! it sucks having $500,000 in the bank I am only getting 1% on my savings account >>



    Discoverbank is paying 1.75% on savings...
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    Coll3ctorColl3ctor Posts: 3,387 ✭✭✭


    << <i>

    << <i>I sure hope soon! it sucks having $500,000 in the bank I am only getting 1% on my savings account >>



    Discoverbank is paying 1.75% on savings... >>





    http://www.banxquote.com/

    http://www.bankrate.com/
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    jmski52jmski52 Posts: 23,962 ✭✭✭✭✭
    it sucks having $500,000 in the bank

    I'd like to know how bad that sucks. imageimageimageimage
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    BearBear Posts: 18,953 ✭✭✭
    Well, that 500,000, could be in old Zimbabwe Dollars.
    There once was a place called
    Camelotimage
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    ocon4008ocon4008 Posts: 1,703
    <,it sucks having $500,000 in the bank >>

    That does not suk; this does...

    image

    I would humbly suggest there are better places for it today.
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    DoubleEagle59DoubleEagle59 Posts: 8,431 ✭✭✭✭✭


    << <i>Well, that 500,000, could be in old Zimbabwe Dollars. >>



    that statement could turn out to be very prophetic.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
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    BearBear Posts: 18,953 ✭✭✭
    That possibility, just scares the hell out of me!
    There once was a place called
    Camelotimage
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    Norseman88Norseman88 Posts: 962


    << <i>I sure hope soon! it sucks having $500,000 in the bank I am only getting 1% on my savings account >>



    I don't know if you're being serious or playing a joke on us.
    If you are serious why would you keep that much money in a savings account??? Surely there are better places for your money than "investing" in a depreciating assett that pays basically no interest.image
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    RedHerringRedHerring Posts: 2,077 ✭

    The Fed will begin a VERY slow increase in the prime rate next spring.

    It will be 2012 before CDs pay a reasonable (>4%) rate.
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    guitarwesguitarwes Posts: 9,308 ✭✭✭


    I just got a 30 year fixed refi @ 4.625% with no money down. I like them being this low......but, now it's time for them to get going up so I can make some $$$.

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
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    7over87over8 Posts: 4,733 ✭✭✭
    Red Herring

    Dont count on ANY raise in rates for at least 1-2 years. The FED is backed into a corner. They have made thier choice to sacrifice the Dollar. They would not sacrifice the fragile credit situation by raising rates - just look at all those nasty loan resets coming....raising rates would be a final nail in the coffin.
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    CiccioCiccio Posts: 1,405 ✭


    << <i>The Fed will begin a VERY slow increase in the prime rate next spring.

    It will be 2012 before CDs pay a reasonable (>4%) rate. >>



    You will be only able to buy only 6 or 9 months...due that the world ends in December 2012! image
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    Norseman88Norseman88 Posts: 962


    << <i>

    << <i>The Fed will begin a VERY slow increase in the prime rate next spring.

    It will be 2012 before CDs pay a reasonable (>4%) rate. >>



    You will be only able to buy only 6 or 9 months...due that the world ends in December 2012! image >>



    I've decided not to go to the movie 2012 cause I want to be surprised when the end finally get's here!!!image
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    7over87over8 Posts: 4,733 ✭✭✭
    JP Morgan forecasted today no rate hikes until 2012

    you read it right

    2012

    good luck on that CD rate
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    jdimmickjdimmick Posts: 9,944 ✭✭✭✭✭
    You think that is bad, one of my customers re-uped one of his cd's with 3 million and only got 1.75% . He showed me the slip!
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    jmski52jmski52 Posts: 23,962 ✭✭✭✭✭
    You think that is bad, one of my customers re-uped one of his cd's with 3 million and only got 1.75% . He showed me the slip!

    With customers like that, I am still wondering why the banks are failing and why the banks get bailouts.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    7over87over8 Posts: 4,733 ✭✭✭
    that pretty much sucks.....the guy with $3mm just got a shi&&y deal

    given that my daughter just renewed her $1,000 cd at 1.93%

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    7over87over8 Posts: 4,733 ✭✭✭
    interest rates arent going anywhere fast. in fact, the are going nowhere.

    not with the fragile situation the FED is dealing with.....
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    gsa1fangsa1fan Posts: 5,566 ✭✭✭
    That's why I put all savings $ in Au coins. If they just sit there at least they look good!image
    Avid collector of GSA's.
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    yellowkidyellowkid Posts: 5,486 ✭
    It could be worse, at least your not losing a chunk every month to inflation, '09 has had a few bright spots.
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    roadrunnerroadrunner Posts: 28,374 ✭✭✭✭✭
    It could be worse, at least your not losing a chunk every month to inflation, '09 has had a few bright spots.

    With the dollar in a downtrend since March, call it what it you like....deflation or inflation. Either way you're losing a chunk of your investment to "dollarflation" every month.

    I can't even begin to fathom why someone would stash $3 MILL in a CD at slightly >1% interest rates.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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    TomohawkTomohawk Posts: 667 ✭✭


    << <i>It could be worse, at least your not losing a chunk every month to inflation, '09 has had a few bright spots.

    With the dollar in a downtrend since March, call it what it you like....deflation or inflation. Either way you're losing a chunk of your investment to "dollarflation" every month.

    I can't even begin to fathom why someone would stash $3 MILL in a CD at slightly >1% interest rates.

    roadrunner >>



    I agree...with that kind of coin (bad pun, sorry) I would put it in yachts and fine cigars...at least I'd be enjoying it! Shucks, I'd even try a stab at buying (er, trying to get elected to) a government office. Canya say gov'mint pension?
    ASE Addict...but oh so poor!
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