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- Sep 10, 2006
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- 4,094
Several years ago we put together a CD ladder. One of our CD's is about to mature. It was a 2 yr CD and the rate was around 5%. According to how CD ladders work, we are supposed to now convert this to a 5 year, so that eventually we have rolling 5 year CD's.
Well, current rate on a 5 yr is 3.75%. Hard to lock in for 5 years at that rate. Yet, this is how CD ladders are supposed to work, right Should we just bite the bullet and transition it to a 5 year, or wait for rates to improve again?
Well, current rate on a 5 yr is 3.75%. Hard to lock in for 5 years at that rate. Yet, this is how CD ladders are supposed to work, right Should we just bite the bullet and transition it to a 5 year, or wait for rates to improve again?