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Originally posted by morphius
4% you are, its not 4% it is much lower, this is why many people have took there money out of cd's becasue the interest is not worth it even on 30 million,(left over from what she spent) long term is much wiser.....
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Again, you're missing the point. There's not a financial adviser worth his or her salt that would tell you to take the money in installments.
If you are going to insist that one can't get 4 percent on a CD, MBNA, which is the bank that issues more credit cards than any other in the US, offers a 4.2% on a 30-month CD and 5.3% on a 60-month.
Here; see for yourself:
MBNA CD Rates
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Originally posted by Sydney
$51,000,000 is more money than I'd ever need, so trying to get more money would be at the bottom of my list.
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Good point, which will inevitably be lost on morphius.
On the other hand, think of all the good works you could do with so much extra moolah.
