4 ms·
Technically not FDIC insured. I personally like CDs since the rate is locked and everyday someone is calling for a rate cut.
by nytesky 3y ago
Technically not FDIC insured.
I personally like CDs since the rate is locked and everyday someone is calling for a rate cut.
- bradfa 3y agoAgreed. I've been building CD ladders for the past year or so with shorter term CDs which are all paying higher interest than the money market accounts. CDs also have FDIC insurance. Many CD brokers allow you to buy and sell CDs on a market, so they have some liquidity now.
- kjellsbells 3y agoThe simplicity of CDs draws me to them. Sure I can eke out another 0.5%, but if it takes me three hours a year to figure out what the hell is happening, and it would be hard or risky to unwind if I'm incapacitated and my survivors need to pick it up, it's not worth my time. If the spread was 5%, the calculation would be different, of course.