24601NoMore
Thinks s/he gets paid by the post
- Joined
- Dec 8, 2015
- Messages
- 1,166
Hi..does anyone have good sources for CDs? I'm looking to get at least 2.5% and none of the banks listed at BankRate.com are there yet - highest is 2.25% for a 5-year jumbo.
I'm hoping that when the Fed raises rates this week (which seems to be a virtual certainty) that rates will get up to at least 2.5% on 5-year jumbos. (What do you all think? Is that possible or even likely if they raise rates a quarter point?)
I'd love to learn more about buying CDs from a broker. I did some searches on ScottTrade and see a bunch of CDs being offered in the secondary markets, but NO IDEA what to evaluate or how to determine if any of them are good. Many had "coupons" > 2.5% but Yield to Worst or Yield to Maturity of less than that, which I didn't follow as I would assume the "coupon" rate would always be what you'd receive in interest payments unless you were to sell prior to maturity.
If anyone knows any good FAQs or other info I can read on how to evaluate secondary market CDs, I'd definitely appreciate any / all leads..
Thanks!
- RS
I'm hoping that when the Fed raises rates this week (which seems to be a virtual certainty) that rates will get up to at least 2.5% on 5-year jumbos. (What do you all think? Is that possible or even likely if they raise rates a quarter point?)
I'd love to learn more about buying CDs from a broker. I did some searches on ScottTrade and see a bunch of CDs being offered in the secondary markets, but NO IDEA what to evaluate or how to determine if any of them are good. Many had "coupons" > 2.5% but Yield to Worst or Yield to Maturity of less than that, which I didn't follow as I would assume the "coupon" rate would always be what you'd receive in interest payments unless you were to sell prior to maturity.
If anyone knows any good FAQs or other info I can read on how to evaluate secondary market CDs, I'd definitely appreciate any / all leads..
Thanks!
- RS