- Joined
- Sep 10, 2006
- Messages
- 4,073
We have been growing our CD ladder for oh, say, about 10 years. Started out with our own credit union, then joined in on here and found out about the great rates at PenFed and opened a few there. Last year one was about to roll over to a crappy rate, but due to a great suggestion from someone here, found a great rate at Capital One.
We have about 80K in CD's currently. We don't plan to add more money, just roll them into whatever is the best CD available when they mature. Someone recently mentioned to me that I should consider the fact that these CD's are all in taxable accounts.
OK, that makes sense on one level. However, (1) we like to keep access to these monies, in case of some huge emergency (we can't access IRA's yet) (2) how would you go about getting the best rate on a CD within an IRA? i.e. say I haven't done my Roth IRA yet for the year, and Capital One has a great CD rate. If I wanted to put that CD into a Roth IRA, would I have to open it with Capital One, or could I open it with Vanguard, and purchase it that way Is it even worth it
We have about 80K in CD's currently. We don't plan to add more money, just roll them into whatever is the best CD available when they mature. Someone recently mentioned to me that I should consider the fact that these CD's are all in taxable accounts.
OK, that makes sense on one level. However, (1) we like to keep access to these monies, in case of some huge emergency (we can't access IRA's yet) (2) how would you go about getting the best rate on a CD within an IRA? i.e. say I haven't done my Roth IRA yet for the year, and Capital One has a great CD rate. If I wanted to put that CD into a Roth IRA, would I have to open it with Capital One, or could I open it with Vanguard, and purchase it that way Is it even worth it