What is your best interest rate and where for parking cash?

Discussion in 'Trading' started by 5Pillars, Mar 15, 2008.

  1. gangof4

    gangof4

    why not? if you keep it under $100m/300m with a spouse, what's the problem? do you expect the FDIC to collapse?

    i just opened a CFC acct because, for my risk-free $, it's the best rate i could find without too much hassle- especially since i no longer view any amount over $100m in WAMU as risk-free...
     
    #31     Mar 15, 2008
  2. #32     Mar 15, 2008
  3. I hear you - I just don't want to support CFC in any way, directly or indirectly. :D
     
    #33     Mar 15, 2008
  4. #34     Mar 15, 2008
  5. #35     Mar 15, 2008
  6. Who really wants to deal with FDIC and wait month's years to get your dough back?
     
    #36     Mar 15, 2008
  7. how foolish you are.

    if someone offered you a ride in a car that had bad brakes, would you go? assume he has full liability and medical coverage.
     
    #37     Mar 15, 2008
  8. First of all BOA is buying CFC so I have little worry of a failure. Secondly, do you really think the government would delay re-paying depositors for months or years? That would do nothing but create a run on marginal banks. Ain't gonna happen.

    http://www.bankrate.com/brm/news/DrDon/20060118a1.asp
     
    #38     Mar 15, 2008

  9. Trying to grasp floating straws.. These rate will be lower 4 weeks from now when Feds cut rates on March 18, 2008. What are you going to do than keeping chasing rabbits down the hole ?

    Go buy real estate or invest in stock and equities, those 2 natural choices out there. They have been there for a century.

    Now you know why Feds keep cutting rates?
     
    #39     Mar 15, 2008
  10. 1) I think the BAC/CFC deal is 50/50 to be completed.

    2) The FDIC would take a few months to get all the money back to account holders.

    3) Is it really worth the hassle and headache of possibly dealing with the FDIC for an extra .25%?

    BTW--- These sites update daily (savings, money markets, checking, and CD's)....

    http://bankcd.com/moneymarketrates.html

    http://bankcd.com/cdrates.html

    http://www.money-rates.com/cdrates.htm
     
    #40     Mar 15, 2008