| My WAMU CD Account is about to expire.... |
|
|
|
|
|
gotnocashman
New Poster
Cash: $ 0.45
Posts: 2
Joined: 06 Aug 2008
|
| My WAMU CD Account is about to expire.... |
 |
|
Hi everyone,
I was wondering what would be best for investing. I put some cash aside and open a CD account with WAMU, it's about to reach maturity on september 1st.
I open it on 5/1/2007 with 3,040.00 and of 8/1/2008 it went up to 3,188.75. So for about 15 months I only gained 148.75. I only gained about less than 10dollars a month.
Is their a better bank investment? Should I open several small accounts? I don't want to spend this money and want it to stick with the bank. But at the same time I want to open it, or be able to open it, in my mid/late 30 or so. I'm 22 right now.
If it's with another bank I won't mind at all, but a big name with branches you know? Like Chase or something.
|
Wed Aug 06, 2008 11:12 pm |
|
|
gotnocashman
New Poster
Cash: $ 0.45
Posts: 2
Joined: 06 Aug 2008
|
Well 23, on the 16th. It's money I put aside from all my continuing hours working part time.
I won't need that money for about 7yrs. Maybe 10.
I dunno how to do stocks. I want to do this safe though. How should I approach this stock wise?
|
|
Thu Aug 07, 2008 3:51 am |
|
|
bankaround
First Time Poster
Cash: $ 0.20
Posts: 1
Joined: 10 Aug 2008
|
You probably won't be getting much more than 4-5% at any bank.
At your young age, you may want to consider mutual funds and just let it sit there for a while. If you don't want the risk, then just stick it in a savings or CD at a bank for a little while.
|
|
Sun Aug 10, 2008 4:40 am |
|
|
|
