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Re: O/T can it be done
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Posted by Jonfarmer on January 11, 2007 at 12:02:47 from (4.157.5.88):
In Reply to: O/T can it be done posted by old on January 11, 2007 at 10:21:26:
They say the stock market gives an average return of 9% a year, but your talking about something thats not FDIC insured and there is a risk of losing money. Like another fellow said, he could put it in a CD, and the best I have seen is 4.75%, but he wouldn't have access to the money until the time is up on the deposit without getting hit with penalty fees for early withdrawl. The interest rates of CDs (certificate of deposit) very with the terms. There are also CDs offered that do not have a penalty fee for early withdrawl, but these pay less interest for that privelege. All banks have websites and will tell you what programs they currently offer and the interest rates, so check the banks in your area for more information.
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