Man of La Mancha
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Keep it simple. There are CD's and there are CD's. Generally on think of CD's as one issued by banks and as a rule you have FDIC insurance banking up to $100k, and of course you could have more than the $100K provided you break it down and you have multiple owners, etc, etc.
You dont say enough, who issues the CD? Who is backing this CD?
I mean i would invest the 8% return is excellent but on the othe hand one has to evaluate the risk....
If i knew who is the issuer and like i could have given you a pin point answer...do some research...in this day an age 8% must and will carry risk, how much, that is what you have to evaluate ....good luck |
Joe
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No, I wouldn't invest. In the current economic climate, banks do not offer FDIC insured CD's at that rate. There has to be some catch. Is this a US bank, or a Caribbean bank, or not a bank at all? If the company goes bankrupt, what good is your guarantee? People don't offer 7.75% interest unless there is some risk.
See this link for the highest rate FDIC insured CD's. The rates are a lot lower.
http://www.bankrate.com/brm/rate/high_ratehome.asp?params=US,416&product=18 |
richard t
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not a chance...........no one reliable is paying that,,,,,,,,,,,,,,,they can guarantee you the moon,,,,,,,,,,,,,hell,give you Britany if they default.....doesn't mean squat.............what backs the guarantee?,the business,,,,,,,,,,,,,,,,in bondland it is called junk.......... |
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