Okay, maybe it’s not a fair comparison. CD’s are insured by the FDIC. The Whiskey Bond is considered “asset-backed” which means that for every investment unit we put aside, we actually fill another barrel of whiskey and earmark those barrels to help secure the bond.
Average CD rates are hovering under 1%. The Whiskey Bond pays 5%, locked in for six-years. It also has a pretty spiffy conversion option that allows you the choice of taking some of your principal and interest as bourbon or rye whiskey. You can take all or part as barrel proof, non-chill filtered bottled spirits with your name on your bottles.
And, while buying a CD gives you a piece of paper that you can file away and maybe look at on occasion, your whiskey is barreled and you can actually visit the distillery, bring your friends, brag a little and say hello to the distillers that work here every day.
There’s more information on our updated WeFunder page with Financial Statements, an updated Business Plan, more video and charts, the Whiskey Bond description (with examples), Subscription Agreement and Company Presentation.
Questions? Post them at https://wefunder.com/cleveland.whiskey/ask or schedule time for a one-on-one call at https://calendly.com/tomlix.
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