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Got a 5.05% CD offer 9 month term, min $1000
General Boards - The Lounge
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Replies: 7
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Got a 5.05% CD offer 9 month term, min $1000

5
Mar 15, 2024, 11:37 AM
Reply

Looks good, thinking $20k

flag link military_tech thumb_downthumb_up

lol at old balls buying CDs

6
Mar 15, 2024, 11:44 AM
Reply

bruh, it's all digital or vinyl these days.

2024 purple level memberringofhonor-greenr.jpg flag link military_tech thumb_downthumb_up

CD ladder is an old and conservative investment approach

1
Mar 15, 2024, 11:47 AM
Reply

I have been managing one for about 10 months. Started with rates 4.5 to 5.0 and now 5.0 to 5.4.

badge-donor-05yr.jpg flag link military_tech thumb_downthumb_up

Easy money and safe. No reason not to do it.

2
Mar 15, 2024, 12:15 PM
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Gramps!

2024 purple level member flag link military_tech thumb_downthumb_up


Why not just open a high-interest on-line savings account...

1
Mar 15, 2024, 12:47 PM
Reply

and not worry about the term, laddering, etc...

I recently opened a CIT Bank account paying 5.25% that compounds daily/applied monthly and it's FDIC insured. Can move money in and out at will.

I think you can get 5.06% there now.

badge-donor-05yr.jpg flag link military_tech thumb_downthumb_up

Interest on a high yield savings account (HYSA) is variable ...


Mar 15, 2024, 2:13 PM
Reply

CD rates are locked for term. HYSA have had similar returns over last year or so but that may be true when rates start declining.

badge-donor-05yr.jpg flag link military_tech thumb_downthumb_up

In general, yes, but most of the deals lock the intro rate...


Mar 15, 2024, 2:27 PM
Reply

for a period.

The CIT Bank account I just opened was 5.25% locked for 6 months. They don't have that offer now...it's 5% rate and variable.

I've been bouncing between HYSAs when the intro rate expires and then adjusts, if it's down.

It may have changed, but last I looked, the high-yield CD accounts are short-term CDs for 3 or 6 months...maybe sometimes a year-ish, right?

For me, I like the easy access, in and out, of a HYSA vs a CD that's locked in normally.

badge-donor-05yr.jpg flag link military_tech thumb_downthumb_up

I Noah much easier way to make a grand***

1
Mar 15, 2024, 4:37 PM
Reply



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Replies: 7
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