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Jamison's avatar

My great aunt loved it, because she said they made “a killing” on their CDs. I think CDs were paying around 15-17%. Oh, she loved Joe Biden, too.

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Kathleen Janoski's avatar

I remember the folks making bank on their CDs.

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Joni's avatar

Yep!! My husband’s grandparents made a killing with those rates!

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Elaine Russky's avatar

Some S&Ls, which eventually folded, were paying 21-22 percent. The more risk, the higher the interest rate.

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Oregon Kathy's avatar

Yes, if you were old enough to already be established, then the high interest rates were a bonanza.

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Debra Nolasco's avatar

I wonder if your great aunt realized that in 1983, Joe Biden voted to tax Social Security. Then, in 1993, he voted to raise the tax on Social Security from 50% to 85%. This is according to a tweet by. Rep. Thomas Massie.

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