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where are rates going, 2 - 4 5 years out
10-07-2008, 05:44 AM
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#1
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Recycles dryer sheets
Join Date: Apr 2004
Posts: 137
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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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10-07-2008, 06:03 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Up and down! Build CD or Bond Ladders - where rates are in the future has much less of an impact.
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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10-07-2008, 06:47 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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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
__________________
I purr therefore I am.
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10-07-2008, 07:11 AM
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#4
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Recycles dryer sheets
Join Date: Apr 2004
Posts: 137
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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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10-07-2008, 07:30 AM
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#5
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Recycles dryer sheets
Join Date: Nov 2003
Location: Charlotte
Posts: 360
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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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10-07-2008, 07:34 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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 Quote:
Originally Posted by WilliamG
Has the new $250,000 FDIC limit gone into effect with the signing of the bail out bill?
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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."
__________________
Numbers is hard
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10-07-2008, 07:48 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by WilliamG
Has the new $250,000 FDIC limit gone into effect with the signing of the bail out bill?
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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.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-07-2008, 09:11 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Quote:
Originally Posted by WilliamG
Has the new $250,000 FDIC limit gone into effect with the signing of the bail out bill?
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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.
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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10-07-2008, 09:16 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Quote:
Originally Posted by bobbee25
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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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.
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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