CD rates recently raised
We have several flex CD’s where we can bump the rate one time in the 28 mth term.
The rate has currently jumped to 2% (all were getting under 1% previously). Should
we take the jump to 2% now or wait and hope for another rate increase in the next 6 months
or so? Some of the CD’s have 2 years still to go and some 1 year.
Terry Says
It’s a ripoff either way! I’d suggest that when they mature you buy Treasury Bills currently yielding around 4%.
Read this article: https://www.terrysavage.com/t-bills-beat-cds/
