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Non-Cattle Specific Topics
Every Thing Else Board
Left over money
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<blockquote data-quote="Frankie" data-source="post: 430649" data-attributes="member: 13"><p>When we sold cattle a couple of years ago, we put the money in a savings account, thinking we'd need it to replace the cows. Now that we've pretty well decided that we won't buy more cows, we've put it in fairly short term CDs. I keep thinking the interest rate is going up, so don't want to put it in anything long term. There are some really good CD interest rates available on the net. Be sure they're FDIC insured, though.</p><p></p><p>We've also "borrowed" some of it and payed ourselves back rather than the bank. That saved us some interest.</p></blockquote><p></p>
[QUOTE="Frankie, post: 430649, member: 13"] When we sold cattle a couple of years ago, we put the money in a savings account, thinking we'd need it to replace the cows. Now that we've pretty well decided that we won't buy more cows, we've put it in fairly short term CDs. I keep thinking the interest rate is going up, so don't want to put it in anything long term. There are some really good CD interest rates available on the net. Be sure they're FDIC insured, though. We've also "borrowed" some of it and payed ourselves back rather than the bank. That saved us some interest. [/QUOTE]
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Left over money
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