CD question

[james357]

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%.

 

[potenza]

Wishful thinking! I have one @ 1.5. And another I’m looking at @ 2.0.

 

[james357]

Wishful thinking! I have one @ 1.5. And another I’m looking at @ 2.0.

Banks have too many depositors at .05%. They won't increase rates till people pull their money out. I have 219k I am moving from Truest and 160k in saving at .001% I am going to move 100k. If a lot of people move from banks they will increase rates. 2003-2009 I had a 90k 5.45% cd that renewed to .001%. I used it to pay my home off that I had 23 years left to payoff that had 5.75% intrest. Not having a house payment was great. But the property value went from 2003 150k to 237k 2020. Now my home is valued at 350k. I have a home buying company that is offering 355k. Sounds good but l can't find a home in that price range. The ones we like and schedule to see sell before I can go to see them. People are buying without a walk through. No me. I have to see before I purchase. Crazy times. Homes are selling 30k over asking.

 

[chucklenut]

3% at best on a cd? whats the point even when inflation is like 15%

 

[alleycat]

I bonds are paying 9.62% right now..... https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm

 

[chucklenut]

t-bills are paying 9.62%.....

for now

maybe i should start buying 4 week tbills again. would do longer but i dont think tbills and notes will outpace inflation

 

[Reloadhby]

ibonds pay more than that

 

[alleycat]

for now

maybe i should start buying 4 week tbills again. would do longer but i dont think tbills and notes will outpace inflation

That could be true. fyi...I meant to say I-bonds not t bills.

 

[chucklenut]

That could be true. fyi...I meant to say I-bonds not t bills.

ohhh, ive been holding like 5K in series I savings bonds for a while (i was not making alot when i was buying them)

i quit looking at them lol after a bit, maybe i should start ****ting more into it

 

[james357]

I bonds are paying 9.62% right now..... https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm

Haha. Limited 10,000
Or 20,000 married.
Drop in the bucket