I have lost some records of the amount of interest that was paid to me by my Savings & Loan bank where I bought some Certificates of deposits ( CDs ) for 6 month period at a time & auto renewed them every six months.
Is there a way to find the approximate savings account interest rates for CDs from 1992 to 2005 ?
I know that it varies from bank to bank and also depends on the amount deposited ( Mine was over 10 K ) but usually Savings & Loan banks used to pay higher percentage rate than a regular bank but as far as I remember it was still not more than one percent higher than a regular bank.
Any help would be appreciated.
2007-10-23 13:49:43 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Just contact the bank. They have these records on MICROFILM and can retrieve and send you copies of the exact amounts paid to you. There will probably be a fee for their time in finding the right tapes and making copies.
2007-10-23 15:03:40 · answer #1 · answered by Mike 7 · 0⤊ 0⤋
When doing this research, keep in mind that annual inflation rates are around 3%. This means subtract 3% from your interest rate...for some this means a low or even negative interest rate!
2007-10-25 05:15:05 · answer #2 · answered by arnavguleria 1 · 0⤊ 0⤋