2 ms·
If I'm reading RCW 46.29.560 correctly, you do get the interest, and I think you can shop around to hopefully get a decent rate on a CD to deposit? That said,
by ndriscoll 2y ago
If I'm reading RCW 46.29.560 correctly, you do get the interest, and I think you can shop around to hopefully get a decent rate on a CD to deposit?
That said, if you expect 10% returns on equities and 5% interest on a CD, you still need to be paying around $3k/year for insurance for that to be a good deal on expectation. It could make sense if interest rates are really high, or I suppose if you use a loan to buy a CD, you'd just be paying the spread. Seems like a lot of work and extra liability to maybe save a few hundred dollars when presumably anyone doing this would consider that a rounding error.