Interest Rate Drop | Don't Miss Out on Higher Returns
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- เผยแพร่เมื่อ 12 มิ.ย. 2024
- 00:00 Intro
01:05 Next Steps
02:21 HYSA
03:46 CDs
05:03 Money Marke Funds
06:14 T-Bills
07:12 I-Bonds
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Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.
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Had to convince family to move to HYSA. They now make more in a month than their bank was paying in a year.
Fed should just not cut rates for a year or two.. We don't need free debt, it's bad for prices as everyone just leverages more than they can afford and it impacts them more if they can 'afford' to gather more debt.
they won't . That s just promise.
I would hope that the fed considers all angles before making a decision
They won't be able to because nobody will be interested in buying the ever growing and increasingly risky govt debt at the lower rates.
yea im convinced theyre not cutting rates this year. tight labor market, higher than normal gdp growth, and higher than 3% inflation means theres no reason whatsoever to cut rates.
@@titolovely8237completely agree.
Once again you've inspired me! Just moved some money from my high-yield savings (4.25%) to a 10m CD at 5.10%.
Important to note, T-Bills and I-Bonds accumulate interest that is not subject to State or Local taxation if you live in an area that has one or both of those taxes, which raises their effective rate even more. For example, living in a state with a 5% income tax rate would roughly mean that the effective rate a T-Bill pays is an extra 0.25% over the listed rate. That would mean a comparable commercial CD has to be that much higher to even break even on NET return.
Definitely a reason to go with T-Bill and T-Bonds. We use TreasuryDirect.
@@JBoy340a Yes...the biggest advantage of using TreasuryDirect is the $100 minimum as compared to most brokerage houses needing $1000 increments.
Engagement comment for Erin. Keep up the great work!
I use the Vanguard Federal Money Market fund. It has my emergency money or short term planned expenses like a new heating and AC unit
Really liked Erin’s nuance. I feel many financial youtubers straight up say, either explicitly or implicitly, that you should never use CDs for example
Nice video. You planted an idea in my head. Thanks.
I cashed in my I-bonds and focus on T-bills and CD's that are not callable. Since I am not a risk taker, I am a great saver, but not an investor. I'm getting over 5% so I am content after years of nearly 0% interest rates.
Choosing not to invest is actually MORE risky than not investing, in the long run.
@@justthebrttrk says the person who was probably not in the market in 1980s.
Whoa...that is actually very risky.
@@jabow1878 if you had left your money alone, invested in the s&p500 in the 1980s, you'd be a multi millionaire today.
What happened then? @@jabow1878
As always, thanks for the information.
Shifted into bonds in February. No regrets. ;)
An excellent summary of the options, Erin! Good comparisons as well. I'm interested in preserving cash and having it accessible. High-yield savings accounts online are a good choice for me. I'm also thinking of T-bills.
Good video and aweomse job at being at 61k subscribers. Been following for a few years now and great to see the channel grow! You can hit 100k I'm sure. Best of luck!
Good discussion Erin. Have a great week. Larry, Central Valley, Ca.
Thank you for another great video.
Remember to take into account inflation when you think about returns. If you're getting a 5% interest rate on your HYSA and inflation is at 3%, you're only making a 2% return.
And better than making .05%
And as long as your not paying a greedy advisor your better off
How many of the longer term CDs have true locked rates. Most I’ve looked at are callable, as are agency bonds. The treasury bills, notes, and bonds are true locks, but may have price fluctuations in a changing interest rate environment.
Something new to consider is a box spread etf like BOXX, you get a guaranteed 5% return and you don't have to worry about the tax until you withdraw, which would just be long term capital gains tax if held for more than a year.
Hi, Erin! Could you comment on the differences between bank CDs and brokerage CDs, and how they may interface with emergency funds, common-use savings, and liquidity concerns?
I bonds are great. Mine are getting over 5%. But I have building cash as well. No rate decrease expected in 2024.
We moved our emergency fund to a high-yield savings account the other year. Nice to have that cash-making money instead of sitting at our local bank.
Vanguard is (currently) paying 5.3% for a CD.
I think the three rate cuts in 2024 was the collective belief prior to last weeks CPI numbers. I think the sentiment has changed since then. Regardless, I think you're right that people should take advantage of whatever is out there for them that benefits them.
Another T-Bill investor. I have 3 or 4 ladders going at any time.
Also consider the taxation of these various accounts, CDs, money markets, bonds, etc. Depending on what you invest in some could have considerable less tax. I would always favor t-bills/t-notes over CDs if the duration and interest rates were comparable.
I've been buying 4 to 17 week T-Bills for several months. When they mature I can either buy a new one or have my brokerage company (Schwab) roll it over automatically until I tell them not to.
Another great video, but as some of the other posters have stated, I don't see the Fed reducing their rates for at least a year. There is still too much pressure with the labor market etc. to justify a rate cut. Right now I have my cash mostly in money market accounts currently earning 5.17%, but is the market continues to 'correct' some of that money will be put back into the marker.
Erin for being a young woman you are quite astute about finance.
Rate cuts make stock go down. How do I know this? Because towards the end of 2022 I closed out all my short positions and leveraged long.
I am looking to sell into the rate cuts. When else would I sell? It is called front running.
Would you move $ to My Banking Direct despite what is going on there b/c it is 5.55% or highest of all now?
What HYSA do you use ? Erin
There's been talk of a "No landing" now instead of a Soft or Hard landing so CPI has gone up some and with tensions in middle east oil might start going up quite a bit. Rates may not go down for quite a while longer.
30-day CDs at 5%+ are readily available right now. I've been using them for the last year for short-term savings.
Erin,
You have a great financial mind. Mine is not as Great, I will admit. I just dont see the Fed dropping rates before August and only then if these higher inflation rates go down. Even if they do lower rates I am not sure it will lower rates. In all they are trying to finance/refinance over $11 Trillion in debt. Several foreign countries are no longer buying our debt. The 10 year Treasury is doing abysmally and they are having to pay higher rates to sell their notes. I believe that you are spot on about T Bills. I am buying T Bills and getting 5.395% on an 8 week bill. It may be a Great time to lock into a CD but at this point my bank is not offering a liquid CD that is paying a decent rate so, TBills here I come. AND they are also exempt from State taxes.
New issue 2-year notes are paying 5% with a coupon rate of 4.65
@@markritacco270 2 years is a little long for my horizon. So far I have been doing well for the last 8 months, I know that that can change at any time but it is my comfort zone. The state tax exemption alone is huge as I am in the 9% bracket in California. For now for my savings that is where I am focusing.
@@Dodgerblue7381-ey3ql I completely understand about the longevity, I was just giving an example for a different option. I myself utilize T-Bills (4 week), for a laddering effect to get available money each month. The fact that CA has the enormous TAX burden, utilizing what you are doing with Federal Fixed Income (your T-Bills) is a HUGE benefit with just having to not pay state or local taxes. Good luck with your future endevours.
They are not cutting rates anytime soon, play the short game as they are going up
I wouldn't take the federal reserve's word as a truth because they are known to miss forecasts as any old plain analyst. My issue at hand is that we're trying to push a bet into reality and this is why I'm not a fan on the movements of the financial markets that are supposedly "forward" looking. My feeling is that because inflation expectations have been baked for the last couple of years people are really dismissing how hard it is to push that rate down to 2% because people in institutions don't want lower prices and even as consumers feel the bite the rules set in place for borrowing remain extremely relaxed. I think a good thing to be doing to make sure you're diversified and to not overstretch on any form of investment with people who are keen on retaining wealth.
@user-ip6zt8je9v What rules for borrowing are relaxed? I thought the rules have been much stricter since 2008. Mortgage application rates are low and application denial rates are high
Is there a brick bank/ credit union at 5% in cd?
Lock in interest rate savings by avoiding a balance on credit cards and getting out of debt quickly.
I am going to put some of my cash into I-bonds because the fixed rate is the highest it has been in a long time. The fixed rate can be considered the real return of the bond because the variable rate is adjusted for inflation every six months so the fixed rate is the return on top of the inflation adjustment. I will get this real return for up to 30 years, which is a lot longer than you can get the current high interest rates on CDs or T-bills. It is also nice that taxes on the interest of the I-bonds is deferred until you cash them and they are not subject to state and local taxes.
If you do it by the end of the month (April), you will benefit with a slightly higher rate.
Brokerage money market is hard to beat right now...plus a small amount in I-Bonds (tax savings)...I like CDs when the interest rate is higher...
MYGA 's paying 5.6%, are backed up to 250k per company and per individual, and have tax advantages.
Fed is aiming too high. Keeping most cash in t-bills. Not state tax. Going to get an ibond this month and next
If you do it by the end of the month (April), you will benefit with a slightly higher rate.
Since the start of the year we have purchased from Treasury Direct just to see how that goes. Also have a government fund on Schwab that we are adding to. Other than that, maxing out my 401k and auto payments to Schwab at $1,000 per month (good times) and putting a few bucks into our HYSA. Going to stack some silver bullion also.
I wish i had your level of wealth building
@@ryebread447 I utilize no-buy months (other than fixed expenses) and that truly helps.
You're right Erin. Get it while you can. In Canada, I saw a 10 year CD at 5% and now their best deal is a 6 year at 4.75% 😲
I-bonds have two components: fixed component and the inflation component. The inflation component changes every 6 mo to match the current inflation. The current fixed component is 1.3%. The I-bond pays 1.3% over whatever the inflation rate is for the entire 30 yr term. This 1.3% is the highest it's been in 16 yrs. On May 1st, Treasury Direct will set the inflation rate & the fixed rate for the next set of I-bonds. The fixed rate for the new I-bonds is an unknown. Go up? Stay the same? Go down? Anybody's guess. Anyway, great videos. I watch them frequently.
How will the Treasury afford to make those payments when they're already being crushed by debt?
@@nicolasgirard2808 money printing
Quantitative easing (QE) is a form of monetary policy in which a central bank, like the U.S. Federal Reserve, purchases securities from the open market to reduce interest rates and increase the money supply.
Quantitative easing creates new bank reserves, providing banks with more liquidity and encouraging lending and investment. In the United States, the Federal Reserve implements QE policies.
@@markritacco270 so they'll cut rates?
@@nicolasgirard2808 While QE policy is effective at lowering interest rates and boosting the stock market, its broader impact on the economy isn’t apparent.
Commonly, the effects of quantitative easing benefit borrowers over savers and investors over non-investors, and there are pros and cons to QE
1. Inflation does not spur intended economic growth but causes inflation can also create stagflation
2. Limited Lending creates a “credit crunch,” where cash is held at banks or corporations hoard cash due to an uncertain business climate
3. Devalued Currency value makes imports more expensive, increasing the cost of production and consumer price levels.
i've heard diamond nestegg and others say things like 1.3% is the highest its been in 16yrs if that's actually a good thing. that means for the past 16 years it hasn't. i-bonds have grossly underperformed say a boring mutual fund and no matter how much you want to hold in gift account, i-bonds will continue to underperform. Yes, those with 3% plus from decades ago got a nice boost for the past 1.5yr with higher inflation rate on i-bonds, but they weren't doing so well for all those intervening decades. That will remain true for the current 1.3% fixed rate new issue ibonds in the future. The govt and fed are doing their darndest to work against inflation, which means they are working against i-bonds. Why would you invest into that headwind for 1.3%? We should expect new issue May24 ibond fixed rate to be around the current 1.3% fixed new issue. Since the rates are based on TIPS, you are better off going with TIPS over i-bonds, especially given TIPS don't have the $10k annual limit. I'd rather just sit on my tbills or tnotes rather than spending so much time pontificating about i-bonds.
Capital One 360 rates just dropped from 4.3 to 4.25% UM Credit Union has 5% CD for 1 yr. But drop off after that?
If you knew what was going to happen to interest rates in the future, you could make lots of money trading interest-rate futures. However, you don't know. Interest rates are equally likely to go down or up - otherwise they'd start moving now.
Looking at the past few months, the 2-year, 5-year, and 10-year rates are up from 40-70 basis points. The mortgage rates are based on the 10-year rate, which means they have gone up quite a bit since the nadir in November.
I am getting mutliple at 4.4-5.3 across 4 brokerages. Free money.
Opinions on the market diverge; some claim overvaluation due to rapid gains, while others cite strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. Should i hold on or sell off my positions and hold cash?.
Surprisingly, the much maligned IBC Whole Life Policy is a great place to keep cash reserves / emergency funds. Just DON'T use whole life as a replacement for term insurance or qualified retirement accounts. With a whole life policy, you get approx. 4% growth if you keep the policy for 20+ years and it has a ton of other advantages that high yield savings accounts, CDs, or MMFs don't have.
Erin, thank you for another excellent video. I have a question - what do you think of the Tbill ETFs like BIL and SGOV? They arent directly Tbills. Will they suffer somehow in a major market correction?
I'm certainly not Erin...but the way I look at it is why would I want to pay an expense ratio (no matter how small it may be) for an EFT if you are looking at the fixed income category. If you want to purchase a small amount ($100) you can do it on Treasury Direct or if you want to go with a brokerage house (generally $1000 minimum). There are no brokerage fees and you get 100% of your investment.
you don't get the tax advantage of holding treasuries. That's important if you are in an income tax state or locality.
Thanks for the video. Now I don't feel so bad about all my CDs at 5.25%... Love the hair!
I've been locking in 5 year CD's over the past year. Conservative investing approach - yes - but I'll gladly take close to 5% lock on interest for 60 months.
That money tied up 5 years now..why not just go with HYSA?..same difference and easy access (edit: I guess if you’re feeling the rates in 5 years will be drastically lower..makes sense then lol)
If I could get close to 5% on a 5 yr CD, I would do that too. Five years out, they could be back to nil. My bank isnt offering anything nearly that good on a 5 yr.
If you want longer term with a federal-backed guarantee and no state or local taxes, look at the new issue 2, 3, or 5-year treasury notes. You get interest payments every 6 months.
@@markritacco270 Thanks - I;ll check them out.
@@endofquoterepeattheline7516 I'm very cautious with investing with retirement just around the corner. I've got emergency funds should I need them.
Hope the rates stay like this or higher for the next 30 years...just like they were from 1970 to 2000.
From 2009 to 2022 we've had close to a 0% interest rate (except for a small pop in 2018), which was ridiculous. Time to get back to normal.
Mortgages were over 10% for all of the 1980s. History repeats itself.
@@BenHeckHacks I was going to say as long as you don't mind 7%+ interest rates on secured loans. People are complaining bitterly about the cost of buying cars and homes.
@@bryanwhitton1784
Rent increases are insane also.
And remember that when rates go up, the value of your investment goes down in a lot of the bond issues. Money markets. Keep your principal safe as do high-yield savings
My emergency savings is just that, for emergencies. I wouldn't hold that in anything like a CD or T bill. If it can't be wired into my checking account (or drafted against directly) within 2 business days, then it isn't emergency savings in my mind.
Intermediate term savings (plan to buy a car next year, pay next year's tuition bill, etc.) is fine in T bills or CDs, but not my actual emergency savings.
If you find you have "emergency savings" in such excess that you can deal with locking a portion of it up for 6 months to a year, then you just have too much money in your emergency savings account.
T-bills can be liquidated and in your checking account in 1-3 days if held in a brokerage. I-bonds outside of the one year lock-up can be in your checking account in 2 business days. CDs are a phone call away from being in your checking account.
If a person only holds a month or two of emergency funds, it should be able to be at the ready. More than a couple months could be put elsewhere if accessible within a week.
@Posm67 Sounds like an awful lot of hoops to make a little bit more interest on a very small percentage of my net worth. I'm currently getting 5% in a HYSA that I can have transferred to my checking account in a day, can deposit checks directly to it, etc. etc.
Again, this is only about 3 months of living expenses. If you're young, and this is a sizeable portion of your net worth, then maybe the mental energy is justified. If it is on the order of 1% to 2% of your net worth, it is hard to justify. It is not justified for me.
Interest rates are not dropping… did you see the inflation report?
I prefer high yield savings accounts. I like the simplicity and liquidity. Also, I'm earning 5 percent at Citi Bank, which is higher than a lot of cds and Treasury bills.
Shorter term TBills, 4, 8, 17, 26, 52 weeks are all over 5% with no state tax.
TLT just dropped huge today, which means CD and Treasury interest rates may increase slightly and may stay (say it with me): "Higher for longer". I'm accumulating TLT because when interest rates finally do drop, TLT will go up.
what cash this year I'm not aware of any
What about MYGAs?
Annuities certainly have their place, just need to look at the expenses charged with ROE
Recent - last ten yrs historical, BUT the overall history is an Avg above 5%.
My HYSA, UFB has been paying 5.25% for a while.
trying to lock in 'high rates' with a CD has been a mistake for me for the last 2 years. If I had just invested into an index fund, I would have increased my money like 15% instead of just 5%.
True but you can do both. I put shorter term money i can’t afford to lose in CDs or t bills and longer term retirement savings in index funds. There’s always FOMO when the market goes crazy but that’s the price i pay for being able to sleep at night
@@murraypassarieu9115 Same here. I still remember 2007-2008 when the market crashed, and people about to retire couldn't anymore because their stocks and retirement funds got destroyed and they had to continue working. I'll take slow, steady, and safe anyday.
The idea is to use these accounts for money you don't want to or can't lose. They can also be part of a bond portfolio. Any money you have to invest for the long term can and should be put into equities. These are for safety and income.
Totally missed the boat on why you buy fixed income.
I'm not optimistic on the FED lowering rate soon
Do we know cuts are coming? 🧐
Looks like it won’t be interest rate cuts this year at all
Are there fees to owning CDs or T-bills?
nope - you are paid interest by the bank or by the US government for lending them money for that holding period
@@ErinTalksMoney Would you go with My Banking Direct for the 5.55%? I know the backstory as to why they are at that % now so I am wary. I currently have 90K in First Foundation Bank at 4.9%.
👍👍
Inflation at 3.5% is 75% above goal. I can't think of any reason why the Fed would cut the rate during 2024. Honestly, the rate needs go up or we will, at best, be sitting in the mid 3s through 2025. Otherwise, great video.
I can think of one reason the rates will be cut before Nov 5th...
@@danh2716 At that point we know the fix is in.
The writing is on the wall now. My Amex HYSA cut rates from 4.35% to 4.3%. They should still be raising rates if they want inflation to slow down, and I thought that the 2010s were generally low historically and the current rates are actually « normal ».
Yeah my capital one apy went from 4.35 to 4.25
The 40-year average inflation rate is about 3.8%, so yes - right now *is* actually normal. The 2% rate of the 2010’s occurred in the wake of the Global Financial Crisis and methinks an unrealistic goal for the Fed.
@@jacksons1010 Well they won’t get back down to 2% by cutting rates. Had I to guess the rate cur decisions this year are more political than economic which is not great.
@@jmagicd9831 That's unduly cynical. The Fed hopes to avoid past errors in holding rates too high for too long. The "soft landing" theory requires action _before_ it becomes obvious that they should've cut; in other words, if they wait until inflation has dropped to 2% it's likely to mean they've already induced a recession.
@@jacksons1010 in the short term, we’d probably be better off allowing a recession to happen since our current economy is so dependent on irresponsible debt driven consumption, and 2010s rates were basically punitive to savers. The current rates aren’t even elevated relative to anything pre 2008
If interest rates are cut while you're holding T-bills or bonds, you'll also benefit from price appreciation in addition to your guaranteed 5%.
This is an important point! Thanks. More of an issue when you hold longer-term bonds, of course, and there’s a downside if rates rise and you’re not holding to maturity (see the bank failures last year).
I think I'll use my cash to buy risk assets as they fall over the next year.
Apple is paying 4.4% and you can take money out anytime
What is the high best rate CD out there right now?
Google searched and 5.25-5.40. currently my CU is offering 5 for a high yield account
If you want longer term with a federal-backed guarantee and no state or local taxes, look at the new issue 2, 3, or 5-year treasury notes. You get interest payments every 6 months.
I like bills and bonds purchased online from treasury direct. There are no local or state taxes on the gains.
Surprised you skipped CD’s cousins, MYGAs.
The only doubt I have about locking in CDs is that inflation may still spike
or it may not.
sorry being negative here. but money is money -will insurance go down, rent, and food? sorry, but if people are struggling to afford these 3 things, they wont be saving money. im just thinking of most people/ do politicians care? NO
I'm gonna go with ZERO cuts this year. The 80s are repeating themselves.
Wealthfront has a 5% savings account
No, raising rates did not slow down inflation except in the housing market. They were just 2 things that happened at the same time. The strategy was to raise rates to lower spending, but spending did not decrease but instead increased. Inflation went down because demand for products dropped because the prices went up. Inflation will always burn itself out. Eggs can only go so high before people stop buying them.
While stock has 20-2000% return rates...
Erin getting over a recent cold
😂 Jameson started day care recently …he keeps bringing home these colds haha
@ErinTalksMoney welcome to the parent life. My son got me sick and as soon as I started recovering he got me sick again (like a month ago). Been good since then though haha
The only thing going for I-Bonds right now is the fixed rate. The 6-month interest rate announced in May 2024 will be nearly 1% less than the interest rate announced in November 2023.
Erin, I liked your rational videos very much.
Did you highlight that T-bills are State tax exempt?
@@viveknaik6798 Yes, they are
If you want longer term with a federal-backed guarantee and no state or local taxes, look at the new issue 2, 3, or 5-year treasury notes. You get interest payments every 6 months.
All indications I have seen for the fixed interest rate on Ibonds being announced next month is between 1.2% and 1.4%. As long as the fixed portion remains that high I will keep buying some ibonds. Not having to pay taxes on them until I cash them in is also nice. It is the closest thing to a guaranteed above inflation return you can get and unlike TIPS the lowest an ibond can go to is 0%
@@mikesurel5040 If you do it by the end of the month (April), you will benefit with a slightly higher rate.
I have yet to encounter a CD that was not liquid. CD's purchased on the open market are liquid, because you can sell them at any time for market value. You might make money or lose money, but in either case CD's are not super long duration so any gains or losses are usually pretty small. CD's purchased at your bank or credit union are also liquid, though this almost always will involve a loss or penalty if you opt out early per a certain set of rules. It will be a minimal loss. If this is what matters to you the most, then you should not be buying fixed income products. You are not an institutional, hedge fund, etc., trading tens+ of millions of dollars of these products trying to make money on arbitrage or any of the games they can play. It is absurd for a retail investor to consider the capital appreciation or depreciation of a fixed income product, as it defeats the whole purpose of why you buy them in the first place. If you want to invest in something that will appreciate in capital value, buy stocks, real estate, or something else.
NYCB high-interest savings is at 5.55% APY
Understanding New York Community Bank’s Plunge, and Its Rescue Deal
1 Year 5 Year 5 Year Annualized
NYCB -66.82% -67.86% -20.29%
I mentioned this and I see the creator does not reply. I am at 4.9% in First Foundation Bank but have about 90K in there. I am thinking of moving it all into My Banking Direct. I know the story behind why it is 5.55% so I am wary, but I will ask your opinion. What do you think?
@@markritacco270 Would you trust My Banking Direct? I have 90K I was thinkng of moving over to them?
@@DominickSpano The Fitch rating for Flagstar Bank, N.A. (My Banking Direct) is BB+ (as of 3/24) so it seems to be is fairly good shape. The thing with banks especially now is the Commercial Mortgage Back Securities (CMBS) and Mortgage Back Securities (MBS) are going to really hit the fan with especially commercial building vacancies and the owners having to refinace at a much greater rate. All that said I retired early in 2019 at 59 1/2 and took money out of my smallish retirement account until I turned 62 and took SS. In that time and up until then I had a stock, and mutual fund portfolio for 20 years. I had lost plenty of principal through the years and decided this year that I was going to move all of my money to a fixed income (T-bills, notes, MM and a small amount for monthly bills in a HYSA). I refused to lose any more money in the stock market casino. I have zero mortgage and zero debt of any sort, so I am able to still save each month from just SS without taking anything from my investments.
I will be surprised if we see one rate cut in FY 2024. Inflation is still well over the Feds 2% target.
I have been locking in some 5% cash but it does not feel comforting because inflation is well above this for the average American. Numbers being reported by the government are bogus.
I don’t think rates dropping any time soon
NOPE, inflation is steady, the may just bump up the fed rate. They are going to keep rates high for a while
We moved out of Roth equities into money market MFs. Earning 5% safely while the dust settles. No tax consequences.
huh?
Interests rates aren't coming down soon, it's more like 50/50 if they actually go up. The Feds models are not good, we all know this, and geopolitics means anything can happen.
Not sure about your timing here. Get your cash into high rates, sure. But a drop in interest rates is not guaranteed, let alone warranted right now. This might be true for the rest of this year and maybe even 2025.
Great info. Don't forget to hit the like and subscribe button!!!!!!!!!!!!!!!!!!!!!!!!!!
Erin is pretty.
You’re creepy
CD's suck. I bought a CD and the provider cancelled on me half way through the term. They paid half the interest, but it sucks because the interest rates dropped and they didn't want to pay the premium. Don't trust them
You just need to make sure what you are buying. You bought something named "callable" meaning the institution can and will buy back the instrument whenever they seem to not have it advantage for them.
You can buy call protected CDs. They will have a lower rate than callable CDs, but at least you know you are locked in for the duration of the term.
There will be no rate cuts in 2024. bank on it...
Can you clone yourself and send her my way? I need someone to cruise with on a budget. :D
Them rate cuts ain’t coming. If Iran and other continue escalating expect higher gas and everything else
Rates are going down? News flash: inflation is rampant forcing bond yields to rise. This will eventually lead to a busting of the everything bubble That’s when you need dollars. Right now you ride the inflationary bubble and buy equities and gold and hold onto your US dollars for when you will be needing them.