Tag: investing

Free money

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.

Small change and large

Small Change
I just finished rolling about $40 in quarters and $20 in dimes for the next time I go to New York. Commerce Bank has free machines to get money for your change and the last time I went to the branch in Astoria, I brought about $100 in change. I’ve also got a desk drawer full of change at work that needs to be rolled at some point.

Read about Large Change

Easy money!

My credit union is offering a great deal on certificate accounts (5.05% on 13-months) and I could ignore it no longer. In addition, you can add to the balance up to the opening amount. Tonight, I opened an account. It took less than a minute to do online and that one minute’s worth of time will turn into an extra $550 or so 13 months from now.

Not bad for one minute’s worth of work.