LBJFlight23
08-16-2009, 03:16 PM
i got an offer from darby direct today offering a "step up" cd.
https://umnas6.umonitor.com/darby/welcome.do
offer is:
500 minimum deposit and balance required to earn stated Annual Percentage Yield (APY). The initial rate at account opening is 3.0% APY. Subsequent rate changes are as follows: On 8/15/2010 the rate will adjust to 4.0% APY and on 8/15/2011 the rate will adjust to 5.0% APY. Annual Percentage Yields will change only on the dates specified in this disclosure. Substantial penalty for early withdrawal. Fees may affect earning on this account. Offer effective as of 8/1/2009.
do you guys think inflation will cause interest rates to go high enough to make this not worth it? or is this a decent deal?
https://umnas6.umonitor.com/darby/welcome.do
offer is:
500 minimum deposit and balance required to earn stated Annual Percentage Yield (APY). The initial rate at account opening is 3.0% APY. Subsequent rate changes are as follows: On 8/15/2010 the rate will adjust to 4.0% APY and on 8/15/2011 the rate will adjust to 5.0% APY. Annual Percentage Yields will change only on the dates specified in this disclosure. Substantial penalty for early withdrawal. Fees may affect earning on this account. Offer effective as of 8/1/2009.
do you guys think inflation will cause interest rates to go high enough to make this not worth it? or is this a decent deal?