No. of Recommendations: 3
FYI - We just updated our rates. Top rate is no longer 4.11% checking from Liberty National Bank. New top rate is 5.00% one year CD from Patelco CU.


Welcome to TMF, Bryan!!

After reading your 2 posts, it occurred to me that a high (potential) return includes risks. I made pretty decent returns in the early to mid 1990s, usually doubling my investment amount in 3-6 months, selling and re-investing, several dozen times - The market was right, and ripe, if you will, at the time, to enable me to do so, plus I had graduated with honors from the Deans College of an accredited university with a degree in accounting and finance and enjoyed offers of employment from Price Waterhouse, Touche Ross, SD Leidesdorf and a couple of other International CPA firms. I stopped investing in stocks when .coms went through the ceiling, and managed to avoid losses when the .com market imploded.

Just saying - A 5% rate of return on a savings account, when most financial institutions are offering far lower rates of return, may well include additional risks:

Dear Members,

As you know, Patelco Credit Union is a not-for-profit, community-based cooperative, which means that our financial well-being is tied directly to the financial well-being of each and every one of our members. Much like a ship in rough waters, we rise and fall together, so job losses, reduced home values, and general uncertainty about the future continue to affect us...

just a thought.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.