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.
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.