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Government bonds vs Certificate of deposit

Government bonds vs Certificate of deposit

Old Sep 21st 2007, 5:15 pm
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Default 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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Old Sep 21st 2007, 6:53 pm
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Default 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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Old Sep 21st 2007, 8:23 pm
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Default Re: Government bonds vs Certificate of deposit

Originally Posted by ScottD View Post
I have some money to save . what is better, government bonds or certificate of deposit . I live in Florida which has no income tax
Little or no info to go on.

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...
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Old Sep 21st 2007, 8:27 pm
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Default Re: Government bonds vs Certificate of deposit

Originally Posted by ScottD View Post
I have some money to save . what is better, government bonds or certificate of deposit . I live in Florida which has no income tax
I was only reading all this yesterday
http://www.treasurydirect.gov/tdhome.htm
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Old Sep 21st 2007, 8:29 pm
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Default Re: Government bonds vs Certificate of deposit

Originally Posted by Tarkak9 View Post
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?
I think from what I read yesterday its the other way around Yes to Fed tax no to State tax ..your vise versa was right
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Old Sep 21st 2007, 9:21 pm
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Default Re: Government bonds vs Certificate of deposit

Originally Posted by ScottD View Post
I have some money to save . what is better, government bonds or certificate of deposit . I live in Florida which has no income tax
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
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Old Sep 21st 2007, 9:23 pm
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Default Re: Government bonds vs Certificate of deposit

Originally Posted by BritGuyTN View Post
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
Yup .that suits me as well ...
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Old Sep 27th 2007, 1:55 am
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Default 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
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Old Sep 27th 2007, 4:17 am
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Default Re: Government bonds vs Certificate of deposit

Originally Posted by BritGuyTN View Post
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
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.
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Old Sep 27th 2007, 3:33 pm
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Default Re: Government bonds vs Certificate of deposit

Originally Posted by frrussre View Post
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.
yep, I got that email also. Emmigrant has had good rates for a while, I just haven't saved anything for a long time
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Old Sep 27th 2007, 3:34 pm
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Default Re: Government bonds vs Certificate of deposit

Originally Posted by frrussre View Post
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.
The Bastards ...lol...
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Old Sep 27th 2007, 6:06 pm
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Default Re: Government bonds vs Certificate of deposit

Originally Posted by Ray View Post
The Bastards ...lol...
Yep, tho probably without fathers or mothers!
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.


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