Cd vs treasury bonds
I’ve heard you on WGN and have followed you on and off for many years. I am 77 yrs old and have a great financial planner. I kept $30,000 out of his plan and have invested it in various ways. I now have several CDs, one is maturing today. It’s about $102,000 and I’ve heard you say that Treasury Bonds are a wiser choice, but I don’t know how to purchase these. In Sundays Tribune there was a ad for a CD at 6.2% for6 months. I phoned today for more information and found that this is aCD brockerage. I have never heard of this, but they are highly rated by BBB and federally insured. That’s a high interest rate, but I am unsure of this type of institution. Any advise?
Terry Says
I wouldn’t do that. No reputable bank is offering 6.2% for 6 month. There must be a “catch” in this ad–and I’m not sure what it is.
You can currently get about 5.3% on 6-month U.S. Treasury bills.
Read this article for instructions on how to buy them.
https://www.terrysavage.com/t-bills-beat-cds-2/
