RetireBy90
Thinks s/he gets paid by the post
Part of my funding for my initial RE years is a CD ladder. Mostly have been with PENFED, but on a tip from this board, I opened a 12 month 3% with Navy FCU. So time to open a new CD and also time to renew one just matured. Penfed is low, 5 year CD is 1.5% and Navy has 1.95% for 5 year.
My ladder is made up of all 5 year CDs but looking at Navy, I can get 3 year at 1.5% so I'm thinking that if I go with 3 year, I can renew at a higher rate, if rates rise in next year or 2.
Summary:
1 year .85%
2 year 1.25%
3 year 1.5%
5 year 1.95%
Don't need $$ for 6 or 7 years
Which is your choice ?
My ladder is made up of all 5 year CDs but looking at Navy, I can get 3 year at 1.5% so I'm thinking that if I go with 3 year, I can renew at a higher rate, if rates rise in next year or 2.
Summary:
1 year .85%
2 year 1.25%
3 year 1.5%
5 year 1.95%
Don't need $$ for 6 or 7 years
Which is your choice ?