Why in the world would someone who had 6 million dollars be keeping their money in a CD ? Interest rates are so low, that between taxes and inflation and the rising cost of living, you would be losing money monthly.
3 years ago
Last edited at 8:35AM on 3/25/2011
This depends entirely on the return rate of the CD. Different banks will offer different CD's with different rates. These rates are also subject to change with the current economical climate. If you have 6 million dollars ready to invest, there are better options than a CD. I suggest finding a financial consultant. Good Luck!