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Yeah but not by a whole lot. Inflation last year was 1.8%, this site says 1 year cd gets you about 2.7%. I do remember my dad holding the same opinion so I woul
by soared 8y ago
Yeah but not by a whole lot. Inflation last year was 1.8%, this site says 1 year cd gets you about 2.7%. I do remember my dad holding the same opinion so I wouldn't be surprised if thats historically true.
https://www.nerdwallet.com/blog/banking/nerdwallets-best-cd-rates/ https://www.nerdwallet.com/blog/banking/nerdwallets-best-cd-...
- deanmoriarty 8y agoDon't forget taxes. Unless you hold them in a retirement account, interest income is taxed at your marginal rate, so your 2.7% easily becomes ~1.5% or less if you are a relatively high earner at the peak of your career.