Callable CDs and bond

[Brookswood]

Two years ago I bought a callable CD at 4.95%. It was a good rate at that time and today it is an even better rate. But, a year before the CD matures, the bank called the CD. Over the next week, they will give me my money back, the interest that it earned. But, not more higher than average interest for the rest of this year. Good times come and good times go.

 

[Gark]

Yep, interest rates were better a year ago. I recall my in-laws telling of how they got rates around 12 or 13% on CD’s back in the 1970’s era.

 

[Gark]

Yep, interest rates were better a year ago. I recall my in-laws telling of how they got rates around 12 or 13% on CD’s back in the