CD interest to MYGA
I’ve pulled interest off of a CD to buy another CD with a higher rate and later maturity. It worked out well but I had the complication of transferring IRA funds.
MYGAs generally have very user-friendly terms for rate lock at application and time to fund the account. I think the MYGA rate you are looking at expires June 1st. Maybe rates are higher by then but I doubt it.
Edit: Already answered
I would check the early withdrawal penalty and use the EWP calculator at depositaccounts.com to see if its worth dipping into the principal as well
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...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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