> Reviewing the log from those office hours, it appears Garfield did not > "accept and speak highly of the suggestion", he merely said he would > look into the possibility.
Well I'm glad someone is sanity-checking me, but the statement "We get some of best ideas from the community" occurred after the question about certificates of deposit from credit unions and before the response to the next question. > I'm also rather skeptical of the underlying claim about the superiority > of credit union CDs in this context So I googled "credit union 6 month certificates of deposit best rate" and found http://www.gobankingrates.com/cd-rates/6-month-cd/ which shows offers of 1.47% for six month and 1.86% for 12 month CDs from Metropolitan Service Credit Union, all of which are federally guaranteed for up to $250,000, the same amount the government guarantees all Citibank deposits per depositor for any total. Their next four top rates, all over 1.0%, are also from federally guaranteed credit unions. Citibank's website says they offer 0.15% for six month and 0.2% for twelve month CDs over $100,000. So it looks like the actual ratio is that credit unions are offering up to about nine times as much interest instead of the four times as much as it was in April. For a $20 million reserve fund, the difference is about $300,000 per year. _______________________________________________ Wikimedia-l mailing list [email protected] Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l
