Last few days CD rates have been dropping? Brokered CD's are easiest to follow on a daily basis. Have the better paying ones been purchased as the stock market has been tanking?
Or was the last rate hike factored in / in advance and now unsettled due to shaky markets? Have heard both reasons. Was thinking rates would be going up a bit after the feds .25% hike on the 19th... With 2 more projected next year. There are isolated deals 12 month, 15 month etc. But those look like deals to attract new customers rather than across the board rates. With the better 5 yr still around 3.5%... Just something to talk about....
^^^
In my parents CD Ladder, the first 1 yr is due in Feb. Will gladly take a 3.5% replacing a 1.90%.
I think your a little overly optimistic! I'll be happy with 3% by then. Our local bank is at 2.90% right now for 18 months.
VMMXX Paying 2.43% Compounded 7 day Yield
Sorry what I meant is that as part of the ladder buildup, the 5 year rate of 3.5% will replace the current 1 yr CD of 1.90%, as each piece of the ladder converts to a 5 yr CD.
Last few days CD rates have been dropping? Brokered CD's are easiest to follow on a daily basis. Have the better paying ones been purchased as the stock market has been tanking?
Or was the last rate hike factored in / in advance and now unsettled due to shaky markets? Have heard both reasons. Was thinking rates would be going up a bit after the feds .25% hike on the 19th... With 2 more projected next year. There are isolated deals 12 month, 15 month etc. But those look like deals to attract new customers rather than across the board rates. With the better 5 yr still around 3.5%... Just something to talk about....
AMEX savings goes to 2.1% - Ally shouldn't be far behind.
Ally down to 1.98%. Annual Percentage Yield: 2.00%.........
SWVXX money market still 2.26%
The Able one above gives you 3.2% for 2 yr, and 3.3% for 3 yr.My 3%-5 year PenFed Cd's came due this month. Proceeds have been siting in the share account.
Trying to decide which term to reinvest in. 2-year = 2.95%, 3 year = 3.05% and 5 year 3.5%. Not sure the extra 0.5% is worth it to keep it invested for another 2 or 3 years.
I did lock in 2 jumbo CD's with Langley Federal Credit Union at 3% for 29 months.
Thought I might wait another week or two.
Decisions, Decisions!