[Owasp-board] CD rates?

dinis cruz dinis.cruz at owasp.org
Tue Dec 7 04:26:51 UTC 2010


yap

sounds good

Dinis Cruz

On 6 December 2010 21:07, Kate Hartmann <kate.hartmann at owasp.org> wrote:

> I liked the clarification that Dinis provided in the Board meeting today:
> It’s not so much about “investing” the funds to earn interest as it is
> figuring out how much we have available to spend.
>
>
>
> So, if we take this approach, and pull this $200K out of circulation, then
> the idea is to have a better idea of what the potential investments into our
> chapter leaders, local leaders, and projects can be.
>
>
>
> Considering that we really will not benefit too much from squirreling away
> our funds, we may want to work on the Dinis method of budgeting and
> investing.  Moving the funds to the Money Market would provide a bit more
> interest, but shelter us from having to move so much into an “untouchable”
> account for 4 years.
>
>
>
> We can keep an eye on the interest rates and when things improve, we can
> revisit the idea.
>
>
>
> Kate Hartmann
>
> Operations Director
>
> 301-275-9403
>
> www.owasp.org
>
> Skype:  Kate.hartmann1
>
>
>
> *From:* Alison Shrader [mailto:alison.mcnamee at owasp.org]
> *Sent:* Monday, December 06, 2010 3:39 PM
> *To:* 'Dave Wichers'
> *Cc:* 'Kate Hartmann'
> *Subject:* RE: CD rates?
>
>
>
> The link you sent me the other day (
> http://www.bankrate.com/funnel/savings/savings-results.aspx?local=false&prods=37)
> definitely had the best rates.  SB and Citi both only had around .4% for up
> to 3 year CDs.   Citi had a 1% CD, but that is for 4 years which I think is
> kind of long to have our money tied up.  I also think that $200k is kind of
> high to put into a CD, especially if the local chapters start using their
> funds ( we currently have $78k due to local chapters).
>
>
>
> Kate and I had talked about just moving all of the funds to our Citi Money
> Market (we would get .4%), so the money would be more easily accessible if
> we needed it.  Then maybe when the interest rates get better we could
> re-evaluate.  What do you think about that?
>
>
>
> Alison Shrader
>
> OWASP
>
> 9175 Guilford Road, Suite 300
>
> Columbia, MD 21046
>
> 301-575-0197
>
> alison.shrader at owasp.org
>
>
>
>
>
> *From:* Dave Wichers [mailto:dave.wichers at aspectsecurity.com]
> *Sent:* Monday, December 06, 2010 12:51 PM
> *To:* alison.shrader at owasp.org
> *Subject:* CD rates?
>
>
>
> What rates are you looking at? USAA has rates slightly over 1% if that’s
> better than other places.
>
>
>
> -Dave
>
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>
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