Back in April, I opened a CD with my credit union which was paying a high interest rate at the time. I pretty much forgot all about it. Today, when paying a bill online, I took a look at the CD and noted that as of August 31, I have earned $101 in interest from that CD. I have the option of adding up to my initial deposit before the CD matures, and I think I’m going to do it. $101 bucks for doing absolutely nothing is not bad. By the time 13 months is up, I could have another $200-300 in interest. Of course, interest tends to be taxes at a higher rate so I plan on using the money for various charitable donations. But still, that’s pretty cool!
And to be honest, I can’t believe I forgot about the CD, as it’s not an insubstantial amount of money. That’s just not like me to be checking it at least once a month, let alone once every five months.
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