4 ms·
They’re offering a 100 year CD because they’re betting that the fed rate will remain higher than their current level for…well basically forever (or longer than
by IAmGraydon 3y ago
They’re offering a 100 year CD because they’re betting that the fed rate will remain higher than their current level for…well basically forever (or longer than any of us will live). I think it’s actually a pretty safe bet.
If they’re right, this is a terrible way to save your money.
- oceanofsolaris 3y agoAnd if they are wrong (and this sells well) … they might just go bancrupt, leaving you with only a small part of the upside.