Keyboard Ninja
Recycles dryer sheets
- Joined
- Apr 13, 2008
- Messages
- 157
When developing a CD ladder would I have to purchase all of my CD's at one bank? I've got $5,000 that I can use and would like to start some sort of ladder system. I've got the gist of it down I think:
$1000 1yr CD
$1000 2yr CD
$1000 3yr CD
$1000 4yr CD
$1000 5yr CD
When each CD matures I re-enroll them into a 5yr CD. I think I have that right? Can I use multiple banks?
$1000 1yr CD
$1000 2yr CD
$1000 3yr CD
$1000 4yr CD
$1000 5yr CD
When each CD matures I re-enroll them into a 5yr CD. I think I have that right? Can I use multiple banks?