CDs

By Terry Savage on December 17, 2018 | Chicken Money

Hi Terry,
I always enjoy reading your column as I do those rare occasions when I am able to hear you speak in public.
Regarding today’s column about chicken money, I would value your opinion about the term for another CD I am planning to purchase this week.
I now have the following CDs:
2.55% maturing on Jan 2020 (17 month CD)
4 yr step up CD(2%-3.5% over 4 years) maturing May 2022
2.75% maturing Dec 2019 (13 month CD)
MMF currently paying 2.25%

My question is what term would you suggest for my next CD? I typically leave the interest to accumulate until maturity. The best CD rates I see locally range from 2.25% for 9 months, to 3.00% for 24 months.
Thanks,
Nick Kyros

Terry Says

Please read my recent column on How to Buy Treasury Bills.  You can get at least 2.5% for 6 months!  And then if rates rise at the end, you can automatically roll it over to the next 6 month rate that is set by auction. It’s hard to beat that deal.

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