My 13-month CD just matured. I put in $45k and got $47k back. Is a free $2k for doing absolutely nothing a good deal? I think it is. Not as lucrative as some other riskier investments, but it's a solid thing, and I didn't need the 45k anyway. Better to earn interest than lose wealth to inflation.
>>61184114i made 2k on a shitcoin and dumped.we are not the same
>>61184114You can get like 6.5% from USDC right now. There’s some more risky stablecoins offering up to 10% and some scams even offer 20%. Robinhood even offers 3.75% on uninvested cash
No, it's not a good deal. The banking sector is under immense margin debt load and 4.5% return barely keeps up with inflation. Margin debt is back to 2008 crash levels. I wouldn't trust banks right now. 3 large lenders just went under in the last month, and we're going to see more. CDs are not covered by FDIC the same way regular deposits are.
>>61184135>USDC>Risks: Unlike a traditional bank account, these rewards are typically not guaranteed and are not insured by the FDIC. The exchange controls your crypto while it is on their platform, introducing a counterparty risk.
>>61184149>CDs are not covered by FDIC the same way regular deposits are.really? i thought they were insured. Whats different about them? I've been using CDs for years under the impression the money was 100% insured and backed against any kinds of loss
