CD rates: 3 month > 1 year,

[Coronita]

Saw this, this morning…

[img_assist|nid=26792|title=cd|desc=|link=node|align=left|width=600|height=1000]

The 1 year CD rate is lower than the 3 month…
1 year is 2.4
3 months is 2.42

Lol… What’s the point of putting something in a long term CD?

[The-Shoveler]

Seems they think rates will be lower in 1 year.

[FlyerInHi]

The markets see slower growth ahead.

[plm]

SDCCU has a promotional 2.5% 16mo cd that is tempting. That should pretty good right? Don’t have to open an account in some internet bank.

[spdrun]

The point is having a rate locked for 1 yr as opposed to just 3 months.

[Coronita]

[quote=plm]SDCCU has a promotional 2.5% 16mo cd that is tempting. That should pretty good right? Don’t have to open an account in some internet bank.[/quote]

Anything below 3% imho is just not worth a year or more commitment. I’d rather “pay” by have slightly less interest for liquidity…

Money markets are around 2.4% right now, and I can move stuff in an out.. The difference.1% isn’t worth committing to a CD for me.

Going to costco and buying a bunch of See Candies Gift Certificate for a 1lb box of chocolate will probably outpace a 2.5% CD..

Buying a box of USPS “forever” postage stamps will outpace a 2.5% CD…lol.

https://about.usps.com/who-we-are/postal-history/domestic-letter-rates-since-1863.pdf

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