Investment Yields

>> Sunday, May 17, 2009

I am handling our company’s Short Term Investments. Last Friday I got a call from one of the banks where we have a time deposit. The manager informed me of the maturity of the time deposit and asked me whether we would roll over the investment like we usually do. When I asked about the rate she told me the bad news, the rate went down one fourth of a percent from the previous rate. I was a bit upset but I understand that it is the trend that they are following. Good thing I find a site that helps me find the best bank rates so I was able to bargain for the rate. I got information regarding the prevailing Bank CD Rates so I was able to get a great deal for our bank. Hmm that is what I call good banking :)


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