Blue Collar Guy
Thinks s/he gets paid by the post
Just saw this pop up ad Ally on line bank. I saw some one ask about a good rate you need 25k for that rate.
Not bad. I'd like to see the five year rates go back to 3% or higher.
A five year CD is still only 2.25%, vs an 11 month CD for 1.5%. Those numbers don't make sense. A five year should easily be double the 11 month rate. I normally only go for five year CDs because the early term penalty is only 6 months interest, but this just doesn't make any sense.
Inching in the direction of inverted yield - and ya all know what that can mean