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where are rates going, 2 - 4 5 years out
Old 10-07-2008, 06:44 AM   #1
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where are rates going, 2 - 4 5 years out

Time to buy new cds, where will the rates be in 3 4 and 5 years ?
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Old 10-07-2008, 07:03 AM   #2
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Up and down! Build CD or Bond Ladders - where rates are in the future has much less of an impact.
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Old 10-07-2008, 07:47 AM   #3
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I wish I knew where rates are going. In this volitile market, it's anybody's guess. I do know Pentagon Federal Credit Union is offering at 5% APY on a 3 year CD. Not a bad deal IMO. https://www.penfed.org/productsandra...rtificates.asp
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Old 10-07-2008, 08:11 AM   #4
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already have quite a few PenFed CDs , 6% & 6.25% for a few years back.
Want to spread it out to an FDIC bank, does the bank rating make a difference what with FDIC ?
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Old 10-07-2008, 08:30 AM   #5
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Has the new $250,000 FDIC limit gone into effect with the signing of the bail out bill?
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Old 10-07-2008, 08:34 AM   #6
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Has the new $250,000 FDIC limit gone into effect with the signing of the bail out bill?
Yes. From the FDIC website:

"How much insurance coverage does the FDIC provide?
The basic insurance amount is $250,000 per depositor, per insured bank."
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Old 10-07-2008, 08:48 AM   #7
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Has the new $250,000 FDIC limit gone into effect with the signing of the bail out bill?
As of now, this is supposed to be temporary until the end of 2009. So if you have between $100K and $250K and you're nervous about all deposits be insured, don't go beyond that maturity.

In reality, I think this will be made permanent or extended repeatedly because of a desire to avoid bank runs late next year on deposits exceeding $100K. I suspect Congress needs to decide how to fund that long term in the meantime.
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Old 10-07-2008, 10:11 AM   #8
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Has the new $250,000 FDIC limit gone into effect with the signing of the bail out bill?
Yes, (includes CU) BUT is currently scheduled to END 12/31/2009 and revert to prior levels that were in effect on 10/2/2008.
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Old 10-07-2008, 10:16 AM   #9
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already have quite a few PenFed CDs , 6% & 6.25% for a few years back.
Want to spread it out to an FDIC bank, does the bank rating make a difference what with FDIC ?
No, not with the FDIC (Insured funds are insured funds). It may make a difference with the Treasury. BTW PFCU is about the 2d or 3d largest CU in the US (Deposits). NFCU is #1 on the same criteria. Also both CU publish their latest financial reports on their sites and to my knowledge have 0 sub-prime exposure, very small default rates, and a timely clientele.
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