Cubby
Community Organizer
Joined: Mar 2004
Posts: 7,112
Likes: 4
From: Mass
Originally Posted by PsychoBen,Nov 19 2008, 12:13 PM
Jeff, what's the penalty for premature withdrawal on CD?
Thread Starter
Joined: Oct 2002
Posts: 34,130
Likes: 126
From: Canton, MA
Originally Posted by Cubs2k,Nov 19 2008, 12:35 PM
Nope!! J/K...I'll always take money!! 
Yup FDIC! BTW.....it is 250,000 per depositor, per asset class.
Individual
Joint
Trotten
Ira
SO if you use all the classes.....one could have 1 mil+ fully insured at the same bank.
Yup FDIC! BTW.....it is 250,000 per depositor, per asset class.
Individual
Joint
Trotten
Ira
SO if you use all the classes.....one could have 1 mil+ fully insured at the same bank.
Registered User
Joined: Oct 2000
Posts: 1,742
Likes: 0
From: Keene
Originally Posted by Cubs2k,Nov 19 2008, 11:54 AM
That's great Ted....
Please take notice however, that that rate can change at any time......
Also....FDIC insurance is now $250,000 per depositor through Dec. 31, 2009...NOT 100,000.
The bank doesn't know FDIC limits went up?
Also....
Great on the Annuties...those are high rates, I'm suprised they are still that high but then again that may be the yield on the first year and may likely fall to the floor rate after the first year probably 1.5-3.0%, also Fixed Annuities often require time frames of 5-7 years and funds are subject to a 10% penalty if you withdraw any funds and you are not 59.5 years old or older.
Please take notice however, that that rate can change at any time......
Also....FDIC insurance is now $250,000 per depositor through Dec. 31, 2009...NOT 100,000.
The bank doesn't know FDIC limits went up?
Also....
Great on the Annuties...those are high rates, I'm suprised they are still that high but then again that may be the yield on the first year and may likely fall to the floor rate after the first year probably 1.5-3.0%, also Fixed Annuities often require time frames of 5-7 years and funds are subject to a 10% penalty if you withdraw any funds and you are not 59.5 years old or older.
1st year of the annuity has a 2.5% kicker. Base rate is 4.4% up to 9 years.
Registered User
Joined: May 2007
Posts: 7,628
Likes: 3
From: BaLLeRToWn, CT
Originally Posted by LazyProfessor,Nov 19 2008, 03:28 PM
You SAVE money?? :confused?
you don't see me posting new parts every week anymore...luckily my money don't expire n' just rolls over to the next month 