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"Denver-area certificates of deposit are yielding 'unheard of' rates, Colorado bankers say"
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gggg gggg
Dec 2, 2022, 1:42:08 AM12/2/22
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Leo Isenteze
Dec 2, 2022, 9:38:23 PM12/2/22
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On 12/2/2022 1:42 AM, gggg gggg wrote:
> https://news.yahoo.com/m/92fcbe5a-858b-368e-b00c-196433e54b26/denver-area-certificates-of.html
Moronic article written by a clueless moron talking to other morons.
"Denver-area certificates of deposit are yielding 'unheard of' rates,
Colorado bankers say"
"Colorado's most prominent banks are advertising certificates of deposit
with a 3% annual return on investment."
A 3% CD rate is a huge ripoff.
Anyone can get 3.77% in a Schwab money market fund. 26 and 52 week T
bills are 4.66%. 12 month brokered CDs are 4.90%.
'unheard of' rates is utter nonsense. CD rates hit 18% between 1980 and
1982.
I'm sure these morons have never heard of Paul Volcker.
> https://news.yahoo.com/m/92fcbe5a-858b-368e-b00c-196433e54b26/denver-area-certificates-of.html
Moronic article written by a clueless moron talking to other morons.
"Denver-area certificates of deposit are yielding 'unheard of' rates,
Colorado bankers say"
"Colorado's most prominent banks are advertising certificates of deposit
with a 3% annual return on investment."
A 3% CD rate is a huge ripoff.
Anyone can get 3.77% in a Schwab money market fund. 26 and 52 week T
bills are 4.66%. 12 month brokered CDs are 4.90%.
'unheard of' rates is utter nonsense. CD rates hit 18% between 1980 and
1982.
I'm sure these morons have never heard of Paul Volcker.
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