mike wrote:
- quote -

You may also want to look into laddering T-bills through
www.TreasuryDirect.gov. Each month you put 16.6K into a 6 month T-bill
(currently paying around 3.78%). If you select the option to not
automatically reinvest the money is automatically transferred back to
your checking/savings account when the T-bill matures. Its very fast
and easy to purchase a T-Bill once you send in the form with your bank
account information and set up an account.

After some of the hassles I have had recently dealing with one bank
that pays high CD rates I am leaning towards just using T-bills since
their rate is generally no more than 0.25% lower than the very highest
CD rates for equivalent terms.

Thanks,

Andy

mike wrote:

- quote -

If you need that flexibility, it would be hard to beat the 3.5%
offered by folks like Emigrant Direct.

Anoop

In article <siVJe.408$Zh2.196[at]newssvr17.news.prodigy.com> ,
"mike" <mapson[at]nvp.com> wrote:

- quote -

Do you need the whole $100K available every month? If
so, how about considering a money market account? If
you only need part of the $100K, then I'd consider a
CD ladder.

If you are not familiar with a ladder, you take 1/5
and put it away for 1 year, 1/5 for 2 years, 1/5 for
3 years, etc. You buy 5 year CD's with this ladder.
By doing this, you have $20K maturing every year, so
you have access to 1/5 of the funds, but you are getting
the 5 year rate on the money (once you get the ladder
going, that is).

You could build a ladder were $5K comes due every
quarter.

-john-

--
================================================== ====================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ====================

hi,

anyone have a ($100K) cd that i can go month to month with and a monthly
check on the interest?

i want to have the option to pull out once a month.

thanks,

m