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|Subject: Re: 4.76% apy 1 yr CD -any catch??||Date: 11/11/2005 12:43 AM|
|Author: blearynet||Number: 14162 of 35367|
I've been watching rates over the last couple of months and they're absolutely moving up.
For this reason, I've been keeping handy cash investments short. Like 6 month to 1 year duration.
I think that in the near future, rates will go even higher.
Well, yes, I agree. However, I don't plan to purchase any CD longer than a year in duration because I am now getting 4 % in the MM at Countrywide Bank. But I can do better with some of what I have in the MM (the part not needed for emergencies) if I put 10k at a time into Cd's as they creep up.
Does anyone see a significant flaw in this logic?
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