Dont listen to this guy.The banks are likely to be insolvant and can legally take the money in your CD and use it as "bail in" . "IF" FDIC pays you for lost money it could take up to a year or two to get it. Youre better off with a brokered money market fund
Interest rate was almost 20% in 80s. I invest in 1 yr and wait to go 20%.
It might go to 6%.
Then watch the regional banks drop like flies
Dont listen to this guy.The banks are likely to be insolvant and can legally take the money in your CD and use it as "bail in" . "IF" FDIC pays you for lost money it could take up to a year or two to get it. Youre better off with a brokered money market fund
Nope. Would never tie up $ that long during the current clown show.
30 day tbills. Stay liquid folks.
Exactly ...the banks are teetering on insolvancy and your CD can be used by the bank to bail itself out