renew CD or wait?
I have some small Cd’s coming due. Would it be wise to cash them in and put it in a savings account, until the FED’s raise the interest rates this year and then put them back into Cd’s. This is my only savings
Terry Says
I don’t think it’s going to make much difference. Banks have so much money floating around that they don’t need to offer higher rates to attract depositors. So either put it in a money market deposit account or a one-year CD and we will see what inflation and interest rates are doing then!
