Okay, first off I fully realize that CD's aren't the best investment, especially these days, so hold your comments on that part. But, I've done reasonably well over the years financially along with a great pension and can afford to weather the storm with these lower rates along with the mixed portfolio I have. At least I'll always have my cash.
My question is for those of you that still "ladder" your CD's. Just how many CD's is too many? And yes I fully understand the insured limits that FDIC accounts have. I'm thinking about opening a Synchrony Online Bank CD at 1% currently but I already have several very large ($100k+) CD's with different banks.
Is there a general rule of thumb for CD owners as too how many might make sense when using this laddering approach?
Thanks for your suggestions and thoughts.