DELETE

I realize that...

I am just wondering if that difference is worth having my money not be touched for 3 months

I was looking at a list of banks with the rates of 3 month cds. I didn't go to the GMAC website.

swantz84 said: I was looking at a list of banks with the rates of 3 month cds. I didn't go to the GMAC website.

Good choice. It is always wise to start a FW thread dedicated to getting a CD without actually going to the bank's website to check out the details first. No reason to do that nasty research yourself when you can beg to be spoon fed.

Also, how are we supposed to know what your time is worth? Is $.50, is $10, $100, $1000?

jayK said: asdf9876 said: Forget subtraction, how did swantz84 manage to get to the GMAC website without noticing that the savings account rate is 5.25% which is greater than the CD s/he wants! Well forget that, how did Swantz figure out how to get to the website period. The rate for both the MMA and the 3 month CD is 5.12%, APY for both is 5.25% (assuming >$500).

I got in on a GMAC 12-month CD at 5.5% a few months ago, don't see anything worthwhile at GMAC at today's rates though.

If that's true then Swantz is comparing apples to oranges because 4.4% is the YIELD not the rate. So why compare 5.12% rate to a 4.4% yield. This is making less and less sense.

soundtechie said: press "start", then "all programs", then "accessories" then "calculator". Eh, that's the slow way...Windows key-R, type "calc", hit enter. I do that at least 20 times a day...if you haven't used Run for anything else since the last time you ran calc, you can just hit Windows key-R, then enter.

wow i apologize for this post.

I just read the GMAC website and it was 5.25 not 5.12.

I am new and I need to get yelled at so i can understand what i am doing.....Thanks

Looks like I will just switch my ING to GMAC for a savings account and leave it at that.

Too bad I can't get the ELOAN, not enough for initial deposit

Swantz, since math seems to escape you, I'll point out that on your $1,000 balance, you are talking about sixty cents a month in interest. A good start, but hardly worth the time to fill out the account application.

swantz84 said: I am thinking about doing a 3 month CD with GMAC Bank that is 5.12%. My question is how much more will I be making over my ING account at 4.4%

Is it worth to put in the CD for 3 months and not be able to touch it just for the increase of interest? Let's say for example I put in 1,000.

DELETE
Ok, Now that's not funny, I just spit up my coffee on my keyboard. I guess the "Delete Key" did not work, "Edit" might have worked better

GreedyEbayerApprentice said: BankofGreed said: 1+1=3?

No, 1+1=11

Nooo... it's 10

Swantz-

Dont be discouraged, you will learn a lot here.