Re: Re: Community finances/ reserves
From: Sharon Villines (sharonsharonvillines.com)
Date: Wed, 24 Jul 2002 16:38:00 -0600 (MDT)
on 7/24/2002 5:50 PM, Danny Milman at danny [at] cohousingco.com wrote:

> At Berkeley Cohousing, we have just had a consultant complete a reserve
> study that assumes that we will make 3.5% after taxes in interest on our
> reserve account.
> 
> Our current account is in a "very safe" investment and therefore is making
> less than 1% in the current economy.

You can find bank accounts that pay 3.5% and are totally safe. I would look
around. I bank at Presidential Bank which is online and highly recommended
by national rating services. Just google Presidential Bank.

Sharon
-- 
Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org


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