Ask Terry Questions A banking issue

A banking issue

By Terry Savage on December 13, 2023 | Chicken Money

I took a pension pay out about five years ago of a little over $18,000. I deposited in a three month CD and I’m not making any interest on it at all. I don’t want to take the chance of losing it because I am 67 years old and I do have cancer but I would like to put it somewhere where I could make some money off of it if possible what do you think I should do with it, thank you

Terry Says

If you deposited it in a 3-month CD, it must have renewed many times in teh past 5 years. But those short term bank deposit rates certainly haven’t kept up with inflation.
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