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To: orkrious who wrote (261427)	9/23/2003 11:43:56 AM
From: mishedlo	Respond to of 436258

Interest Rate deals. in response to this post from someone here: I just took up an offer to borrow 50K from one of my credit cards interest free for 6 months. I'm putting it in a Money Market account and getting 2% on it. Why not? ====================================================== Someone on my board did this. You guys are behind the curve on this deal. :-) On the bond board we often discuss 1 year interest free offers. What you do is this: Get an offer for 10k at 0% for 1 year (or more). Buy $10k worth of I bonds at treasurydirect.gov with a card that earns points, cash back or miles. The I Bonds will eanr 4.66% for 1 year, less the 3 month interest peanalty for cashing it in after only 1 year, that yields 3.5%. Pay off the balance on the miles card with the 0% offer. After 1 year, cash in the bonds and pay off the card. Splotto