Monday, May 15, 2006


So I had a 10K credit line with a 1.9% rate for 12 month offer from Charles Schwab. BT fee of $75. Borrowing $8500 so as not to max out my line only creates a profit of $100 after taxes, interest, and fees. In order to goose my returns I'm putting it in a 6 month GMAC CD funded directly from my GMAC money market account. Sign up took about 5 minutes and I got 5.1%.

With the way rates are going up I can't recommend CDs, but I needed a high guaranteed rate for this money to make sure I covered costs. I'm keeping the rest of my money in the money market.


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