On Mar 11, 3:05*pm, Hugh Clary <badin...[at]netzero.ZAPTHISnet> wrote:
- quote -

Try this SEC link - those guys are very good. You may well want to
browse around other government agencies (U.S. Treasury, Federal
Reserve) dealing with investments, money, deposits, and so on to get a
broad perspective. The sites will include "things to watch out for"
that the guys have noticed floating around.

http://www.sec.gov/investor/pubs/certific.htm

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On Mar 11, 3:05*pm, Hugh Clary <badin...[at]netzero.ZAPTHISnet> wrote:
- quote -

The callability is a big negative to me. IF:

1. Future rates remain the same - no problem.

2. Future rates fall - The company will call the bond... uh, I meant
"CD". They can issue CDs at the new, lower rates and therefore decide
that it is not in their best interest to keep paying you an above
market rate.

3. Future rates rise - The company will not call the bond. They are
tickled pink that they can pay you less than market rates. You attempt
to sell the CD but find that you have to sell at a principal discount
to entice buyers into accepting the lower than market interest rate.

The callability and the lack of liquidity essentially makes this a
bond, regardless of the "CD" title.

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On Mar 11, 1:05*pm, Hugh Clary <badin...[at]netzero.ZAPTHISnet> wrote:
- quote -


On first reading their minimum is $25,000.

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"Hugh Clary" <badinage[at]netzero.ZAPTHISnet> wrote in message
news:47d6cca9.17918171[at]news.individual.net...
- quote -

are you sure you want to buy a 10 year CD?

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I have a $12k cd that is maturing, and the new rate
is not going to be as attractive as what I enjoy now.
Looking around for alternatives, I see the page below:

http://www.fisn.com/rates.htm#FixedRateCallableCDs

Obviously, this appears interesting at first blush, but
one assumes it won't entail a free lunch. Is anyone here
familiar with such options and what their downsides are?

Thanks!

Hugh

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