Cd rate forecast
I’m 71 years old have enough money invested in the stock market, but keeping some CDs on the side. I have to renew one soon. Should I lock in 3.9% for six months or go out 18 months?
Terry Says
I don’t think 3.9% is “enough” for 6 months. 6-month Treasury bills are yielding 4.3% right now!
Is it a large amount of money? If so, you should ask about a higher rate — or maybe buy T-bills.
Read this: https://www.terrysavage.com/t-bills-beat-cds-2/
As for the maturity, it’s a tough call. If we have a recession (because of tariffs), then rates will fall.
If we have inflation (because of tariffs), then rates will rise!!
Chicken money should have a duration of less than one year, since we never know except in hindsight!
