CD rates: 3 month > 1 year,

User Forum Topic
Submitted by flu on April 16, 2019 - 9:38am

Saw this, this morning...

cdcd

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?

Submitted by The-Shoveler on April 16, 2019 - 9:50am.

Seems they think rates will be lower in 1 year.

Submitted by FlyerInHi on April 16, 2019 - 3:39pm.

The markets see slower growth ahead.

Submitted by plm on April 16, 2019 - 4:06pm.

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.

Submitted by spdrun on April 16, 2019 - 4:23pm.

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

Submitted by flu on April 16, 2019 - 5:09pm.

plm wrote:
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.

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...

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