It is a high yield 4 month cd available online only at bank of america.
2007-08-28 17:51:09 · 4 answers · asked by Kenneth 4 in Business & Finance ➔ Personal Finance
A little over $1328 , give or take a couple of dollars .
($80K X .0498) divided by 3
4 months is 1/3 of a year
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2007-08-28 18:09:00 · answer #1 · answered by kate 7 · 0⤊ 0⤋
Put it in a good growth and income mutural fund with a 10+year track record of 12% or more.You money would be semi liquid. (meaning it takes a couple of days to get it out) that way you maximize your return rather than those cd's (certificate of deposite) which holds your funds "hostage" for that time. If you want to keep it liquid put it into emigrantdirect.com they give 5.05% interest and thats just a savings account. Good Luck!
2007-08-29 09:36:23 · answer #2 · answered by LadySwift 2 · 0⤊ 0⤋
You got your answer but you should ask Bank of America about tax free bonds where you won't have to pay the interest until you use it.
2007-08-29 02:36:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You'll earn approximately $1,336 over the course of a 4 month term, depending on how they compound the interest (daily, monthly, etc.)
2007-08-29 01:06:17 · answer #4 · answered by jrod57 2 · 0⤊ 0⤋