Government bonds vs Certificate of deposit
I have some money to save . what is better, government bonds or certificate of deposit . I live in Florida which has no income tax
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Re: Government bonds vs Certificate of deposit
Both are regarded as low risk investing. if its a concern for you and part of your decision, also look into the realm of fed tax liability at the time of maturity. Bonds and T-Bills' "interest" earned as income typically are not subject to fed tax but often are at state levels (where applicable) and/or vise versa - yet CD's its fair game. (i'm not an expert so dbl chk). Maturity period is something people factor too. Many people may have varying opinions here about which is better, investing in a bank or government?
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Re: Government bonds vs Certificate of deposit
Originally Posted by ScottD
(Post 5338648)
I have some money to save . what is better, government bonds or certificate of deposit . I live in Florida which has no income tax
Are you still earning? How old are you? What is your status in the US? How much are you worth? Do you have any dependents? The list goes on and on... |
Re: Government bonds vs Certificate of deposit
Originally Posted by ScottD
(Post 5338648)
I have some money to save . what is better, government bonds or certificate of deposit . I live in Florida which has no income tax
http://www.treasurydirect.gov/tdhome.htm |
Re: Government bonds vs Certificate of deposit
Originally Posted by Tarkak9
(Post 5338989)
Both are regarded as low risk investing. if its a concern for you and part of your decision, also look into the realm of fed tax liability at the time of maturity. Bonds and T-Bills' "interest" earned as income typically are not subject to fed tax but often are at state levels (where applicable) and/or vise versa - yet CD's its fair game. (i'm not an expert so dbl chk). Maturity period is something people factor too. Many people may have varying opinions here about which is better, investing in a bank or government?
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Re: Government bonds vs Certificate of deposit
Originally Posted by ScottD
(Post 5338648)
I have some money to save . what is better, government bonds or certificate of deposit . I live in Florida which has no income tax
open a HSBC direct savings account and get 5% without being locked in if you want a more long term thing get a couple of mutual funds |
Re: Government bonds vs Certificate of deposit
Originally Posted by BritGuyTN
(Post 5339461)
they are both crap
open a HSBC direct savings account and get 5% without being locked in if you want a more long term thing get a couple of mutual funds |
Re: Government bonds vs Certificate of deposit
I agree - both are crap and savings accounts can compete with the interest rate.
As long as you are looking to save and not invest and make the money work then the savings account is the way to go. Some good info at bankrate.com |
Re: Government bonds vs Certificate of deposit
Originally Posted by BritGuyTN
(Post 5339461)
they are both crap
open a HSBC direct savings account and get 5% without being locked in if you want a more long term thing get a couple of mutual funds Reg. Frank R. |
Re: Government bonds vs Certificate of deposit
Originally Posted by frrussre
(Post 5359130)
I just received an email, internet rate dropped to 4.5% APY. Emigrant (NY) still 5.05%. Of cousre they are all about to drop back a bit. There are a few banks out there offering as much as 6% ?? online.
Reg. Frank R. |
Re: Government bonds vs Certificate of deposit
Originally Posted by frrussre
(Post 5359130)
I just received an email, internet rate dropped to 4.5% APY. Emigrant (NY) still 5.05%. Of cousre they are all about to drop back a bit. There are a few banks out there offering as much as 6% ?? online.
Reg. Frank R. |
Re: Government bonds vs Certificate of deposit
Originally Posted by Ray
(Post 5360900)
The Bastards ...lol...
Banks lend money, to sub prime lenders. Banks (HSBC is a front runner on losses), lose $billions, Fed reduces the rate. No brainer, the savers get screwed. Which bank will be next. Reg. Frank R. :curse: |
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