I just had a traditional IRA CD from my bank mature after 60 months @2%.
I can get a 60 month 3.3% from a brokerage like Charles Swab.
I read the fed is increased .5% this May and plan 3 more in the next few months between .5 and 1 probably .75%. I am thinking of setting on the sideline in a .3 money market. If the rates push cds to 4 or 5 setting in a money market @.3% is better than putting the money in 2% 3 year 3.3% 5 year. If I see the % go up 1% to 2 %
I will loose all my intrest penalty for moving.
I think in 3 months 5 year CDs cds will go over 4%.
I can get a 60 month 3.3% from a brokerage like Charles Swab.
I read the fed is increased .5% this May and plan 3 more in the next few months between .5 and 1 probably .75%. I am thinking of setting on the sideline in a .3 money market. If the rates push cds to 4 or 5 setting in a money market @.3% is better than putting the money in 2% 3 year 3.3% 5 year. If I see the % go up 1% to 2 %
I will loose all my intrest penalty for moving.
I think in 3 months 5 year CDs cds will go over 4%.