Cause the savings rate is variable and can become 4%, 3%, etc.

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May 3, 2024
8:41:26pm

VirginiaPeanut Starter

But, looks like the Fed won’t drop rates for the rest of 2024 so you should be fine keeping it where it is.

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VirginiaPeanut

Bio page: VirginiaPeanut
Joined: Feb 28, 2022
Last login: May 17, 2024
Total posts: 2,067 (0 FO)

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Messages

Author

Time

I just bought a 10 month CD at 5.10%, interesting to me that anything longer was

BYUFBDAD

May 3, 8:17pm

Inverted yield curve.

JollyGreenGiant

May 3, 8:27pm

I’m in banking and many think rates are going to go down, thus no long term

Twin Cities Coug

May 3, 8:33pm

They think rates are going to go down because that is what the Fed keeps saying.

Superman21

May 3, 8:43pm

Genuinely curious, I have a savings account at 5%, why buy a CD?

vegasnative

May 3, 8:37pm

Cause the savings rate is variable and can become 4%, 3%, etc.

VirginiaPeanut

May 3, 8:41pm

For me this is cash I like to have around, but not cash I'm going to need in the

BYUFBDAD

May 3, 8:59pm

You’re doing amazing. I hope to see in a similar situation down the road

VirginiaPeanut

May 3, 10:14pm

Or a higher yielding US Treasury with better tax considerations

Biyamiti

May 3, 9:00pm

are you referring to the electronic bonds capped at $10k per investor?

BYUFBDAD

May 3, 9:07pm

Biyamiti

May 3, 9:11pm

thanks, I'm not familiar with treasuries, I'll have to do some more research.

BYUFBDAD

May 3, 9:15pm

You can get 5.9% on a 2 year MYGA.

SoValleyCOUG

May 3, 8:45pm

With who?

bYuFB

May 3, 8:54pm

not FDIC insured.

BYUFBDAD

May 3, 9:08pm

It is. $250,000 protected with Utah Life and Health Guaranty Assciation.

SoValleyCOUG

May 3, 9:21pm

You can buy brokered CDs through Fidelity and other brokers

Jesse Pinkman

May 3, 9:28pm

Same for treasuries. People should think beyond CDs

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