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by john pennington on February 8th, 2009

john pennington

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Wife and i have two Certificate of Deposits, taken out in the 80's. the interest rate was 14%. $5,000.00 on each certificate. anyone have any idea what these CD's are worth today? are we rich?

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Answers. 3 helpful answers below.

  • by FastWoman on February 11th, 2009

    FastWoman

    The CD's stopped paying interest after a certain number of months or years. Very unlikely that they paid after 24 months. Get your a-ses over to the bank now and find out.

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  • by curiousgeorge on February 12th, 2009

    curiousgeorge

    Usually long term CD's are not at fixed interest rate.

    What is your definition of rich? :)

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  • by vera city on February 12th, 2009

    vera city

    depends on the terms. interest that high was not guaranteed long-term, i'm sure. were they automatic rollovers? you're not "rich" but you have more to show than if you would have spent it.

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