CD Rates-Here we go again!
I new this was going to happen but didn't want to face it so soon. I have an IRA CD maturing 3-16-14. Got 10 days to act. The bank that is holding the CD now offered me 2.2% for five years with a penalty of 6 months interest if it's redeemed early. I've looked everywhere and can't find anything better. I don't plan to redeem it within the next 5 years and I don't see rates going higher in the next year so I think I'm going to leave it with that bank and take their offer.